Kymera International Acquires Coating Center Castrop GmbH
Deal News | Dec 02, 2024 | PR Newswire Cision Kymera International
Kymera International, a global leader in advanced materials and surface technologies, has announced the acquisition of Coating Center Castrop GmbH (CCC). This acquisition aims to bolster Kymera's presence in the European thermal spray market and expand its Surface Technologies business. CCC, based in Germany, specializes in advanced engineering and thermal spraying solutions for high-value components in sectors such as aerospace and marine propulsion. This strategic acquisition is set to enhance Kymera's technological capabilities and its ability to provide localized services to key European clients. Backed by Palladium Equity Partners, the acquisition aligns with Kymera's growth strategy in aerospace and other industries.
Sectors
- Aerospace
- Industrial Manufacturing
- Private Equity
Geography
- Germany – CCC is based in Castrop-Rauxel, Germany, and this location is key to Kymera's European expansion.
- United States – Kymera International is headquartered in the United States and operates globally.
- Europe – The acquisition strengthens Kymera's presence in the European market.
Industry
- Aerospace – The article mentions CCC's focus on high-value aerospace components and Kymera's strategic initiatives in the aerospace sector.
- Industrial Manufacturing – Kymera and CCC provide advanced engineering and manufacturing capabilities essential for industrial applications.
- Private Equity – Palladium Equity Partners, a private equity firm, plays a significant role in supporting Kymera's acquisition strategy.
Financials
- Not Disclosed – The terms of the acquisition transaction were not revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kymera International | Acquirer | Company | A global leader in advanced materials and surface technologies, expanding its thermal spray market presence. |
| Coating Center Castrop GmbH | Target Company | Company | A German company specializing in thermal spraying and precision machining. |
| Palladium Equity Partners | Supporting Investor | Private Equity Firm | Provides strategic guidance and financial support for Kymera's acquisition. |