Telesystem's Nanoledge Sells its High Performance Resin Business to AXSON
- Jul 6, 2012
Nanoledge, a Telesystem portfolio company, just sold its "high performance resin" business to AXSON, a world leader in high performance polymer formulation.
Nanoledge, is an innovative startup focused on the high performance epoxy market. Nanoledge has significantly improved composite material performance through its proprietary nanoblending technologies. Nanoblending combines base resins with a variety of nanoparticles (e.g. carbon nanotubes) and selected chemical additives in order to target specific mechanical, electrical or thermal performance improvements while maintaining compatibility with the end clients' manufacturing processes.
According to David Bernardi, CTO of Telesystem and member of the board of Nanoledge, "Nanoledge developed a technological platform that allowed it to demonstrate composite material performances that many in the industry simply did not believe possible, all at only marginally higher costs. In the hands of AXSON, this technology platform will now be made to benefit more clients in more fields of use."
Charles Churet, Chairman and CEO of AXSON explains: "Nanoledge's nanoblending technology is an innovation enabler. Beyond improving AXSON product performance in existing markets, this technology will also be a key element to AXSON's further development in new expanding markets."
AXSON is a rapidly growing world leader in high performance polymer formulations. AXSON is specialized in innovative solutions for the design, creation, assembly and protection of goods in the industrial transport, energy, water, sports and leisure, construction and infrastructure markets. AXSON has approximately 950 employees generating revenues of around €250M.
About Axson Group
AXSON, a world leader in high performance polymer formulation, was created in 2011 by bringing together BS Coatings, Revocoat and Axson Technologies.
BS Coatings specializes in the formulation of special industrial coatings for the hydrocarbon, water, industry and construction markets.
Revocoat specializes in the formulation of coatings for waterproofing, soundproofing, corrosion protection and adhesives for the automotive market.
Axson Technologies specializes in the formulation of polymers for design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, aeronautical, nautical, renewable energy, sports & leisure and construction markets.
Founded by Charles Sirois in 1984 and currently led by François-Charles Sirois, Montréal-based Telesystem goes beyond venture capital and private equity. When Telesystem invests in a company, it becomes a co-owner and partner focused on creating value over the long term. Telesystem -which targets the international media and technology industries - has been a driving force behind some of Canada's most inspiring entrepreneurial examples. The company also supports entrepreneurship and youth through its two foundations: Enablis and TRIOOMPH.
Source: Axson Technologies
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