PARIS, FRANCE: Arkema, a global leader in specialty materials, has announced its plan to acquire Polytec PT, a German company that develops thermal interface materials and engineering adhesives for batteries and electronics.
The acquisition will strengthen Arkema’s Bostik segment, which offers adhesive solutions for various markets.
Polytec PT, which has one main production site in Karlsbad, Germany, generates around €15 million sales annually. It has a strong expertise in thermal interface materials, which are essential for fast and efficient charging and cooling of batteries. Polytec PT has already established a solid position in this fast-growing market. The acquisition will also complement Bostik’s product range in engineering adhesives, which are used for bonding and sealing electronic components.
The acquisition is part of Arkema’s strategy to become a full system provider and support its customers to develop sustainable solutions for the batteries and electronics markets. Arkema expects to reach a turnover of around €50 million after 5 years in these high value applications by leveraging its global presence and its expertise in materials science.
The acquisition will also create synergies between Bostik’s and Polytec PT’s teams, who are already collaborating on new solutions. It will enable them to accelerate their developments and become a significant player in the thermal interface materials and electronics markets.
Vincent Legros, Executive Vice President of Bostik, said: “We look forward to welcoming Polytec PT’s teams and to support them in their ambitious roadmap. We are convinced that the combination of Arkema’s expertise in batteries, its global adhesives footprint and Polytec PT’s technologies will enable us to become a recognized partner for our customers in batteries and electronics.”
The acquisition is expected to be finalized in the second quarter of 2023.