Kordsa acquires U.S.-based Axiom Materials, the acquisition of $ 181 million paves the way for Kordsa to become a qualified manufacturer of oxide-oxide ceramic matrix composites
Kordsa entered the advanced composites industry with the Center of Excellence for Composite Technology, and was co-founded with Sabancı University.
Kordsa expanded its operations and capabilities by providing advanced composite materials to the aerospace industry through fabric development, textile products and advanced honeycomb technology acquired in 2018. With the acquisition of Axiom Materials, Kordsa completed its second phase of its goal to build a second Kordsa in composite technology. The value-added materials produced by Axiom Materials are widely used in aircraft engines, have different applications in various industries, and are considered materials of the future. The acquisition is critical to Kordsa's competitiveness in strategic and high-growth areas, which strengthens Kordsa's potential to develop new products.
Point out Kordsa's place in the vision of the holding company, as the new generation of Sabancı, Sabancı Holding CEO MehmetGmen said: "Dynamic portfolio management and high-tech investment are key areas of focus during the transformation of the Sabancı Group. Kordsa, our Vision's flagship is a development in a high value-added industry that has transformed into a company capable of producing advanced materials technology over the past two years, with a combined technology investment of approximately $ 300 million. After acquiring four major US-based companies, Kordsa established A business line with annual total revenue of more than US $ 150 million. This important acquisition is also a clear sign of our management of our business based on common standards and will also support our development in the international market. "
"We continue to support the organic growth of the composites technology market through inorganic growth investments. The Center for Excellence in Composites Technologies, which is one of the few integrated production centers in the world," said Cenk Alper, President of Sabanccı Holding Industrials Group and Chairman of Kordsa, which acquired Axiom Materials. One of them is the first step in our development strategy. We move forward in the aerospace industry, including fabric development and textile products, using these products to produce highly engineered structural materials; through the acquisition of advanced honeycomb technology, our Capacity has been expanded to produce advanced materials for cabin interior parts. With this investment, we will create a growth platform at the North American Aerospace Center. "Kordsa CEO alkan said about the purchase of Axiom Materials," We take This is a very important step that strengthens our vision 'Inspired by life, we strengthen our life'. Through the acquisition of Axiom Materials, we provide advanced technology composite materials for the next generation of transportation vehicles and the aerospace industry, and lead composite materials through its research and development research. Market, we expanded our expertise in the field of composites, and finally identified intermediates for the advanced composite product portfolio. With the acquisition of Axiom, we completed the first phase of our goal to establish a second Kordsa in composites technology .I am proud and excited about the days ahead. After tires, wings, hulls and aircraft internals, Kordsa will also strengthen the production of aircraft engine materials. "