Sika Buys Axson Technologies

Axson Technologies has annual sales of just over $74 million with over 360 employees and supplies a wide range of epoxy and polyurethane formulations. Axson Technologies became an independent company in 1994 and began setting up facilities in countries that needed design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, aeronautical, nautical, renewable energy, sports & leisure and construction markets.

By acquiring Axson Technologies, Sika is increasing its product offering and expertise in the Tooling and Composites business. The main technologies used are polyurethane and epoxy, which will further complement and advance the future product offerings.

Jan Jenisch, CEO of Sika said;

We are delighted to welcome all Axson Technologies employees into the Sika family. The acquisition will make Sika a strong player in the global Tooling and Composites business and will expand and complement our product range for a broad customer base.