Royal DSM, a Dutch company specializing in material sciences and life sciences, has announced that it has invested in NanoHoldings, a company focusing on nanotechnology innovations in the energy field. Financial terms of the deal are be revealed.
Rowayton, Connecticut-based NanoHoldings discovers, develops and commercializes advanced material science innovations through collaborations with top universities worldwide. Nanomaterials find use in a wide variety of applications, thanks to its novel thermal, electrical and mechanical properties.
DSM Venturing makes strategic venture capital investments in early stage companies specializing in up-and-coming technologies, as well as in activities and developments that are vital to Royal DSM. Further development of potential innovations can be done outside of NanoHoldings and will be co-funded by DSM Venturing or purchased by DSM. NanoHoldings' network of academies and researchers with experience in physics-oriented applications complements the chemistry-heavy network of DSM.
DSM’s Chief Technology Officer, Marcel Wubbolts stated that the company is focused on nanotechnology as a major provider in material sciences and is already using this technology for new developments. The innovative business of NanoHoldings helps the company to develop nanotechnology-based business opportunities, he added.
NanoHoldings’ Chief Executive Officer, Justin Hall-Tipping expressed his gratitude for DSM’s investment in the company. DSM’s vast experience in the development of new materials makes it an ideal partner for NanoHoldings, he added.
Source: http://www.dsm.com