HITACHI Chemicals acquires HQ Equita shares
- Transformation into a worldwide solution provider for proprietary materials technology thanks to targeted investments
- ISOLITE as part of the Hitachi Group is well equipped to meet the challenges of tomorrow’s markets for insulation and sealing systems
HQ Equita has supported the ISOLITE Group as a shareholder since 2010, helping it to become a globally active, innovation-driven supplier of insulation and sealing systems. For example, both partners jointly implemented highly automated production technologies, increased operational efficiency and expanded international production to cover four continents. Now the shareholder agreed with the listed Japanese company HITACHI Chemicals Co. Ltd. on the sale of its shares. The closure of the transaction, on the details of which both parties agreed to remain silent, is subject to antitrust release.
“With the acquisition of ISOLITE, Hitachi Chemical expands its expertise in materials technology as well as its automotive business. We have a clear vision for growth for the combined entities’ operations,” said Hiroyuki Yamashita, Vice President and Executive Officer of Hitachi Chemical. “Together, ISOLITE and Hitachi Chemical now provide a comprehensive solutions portfolio for thermal management that brings us one significant step closer to becoming a global leader in the automotive sector.”
ISOLITE’s products enable OEMs to meet ever-stricter environmental regulations and CO2 emission standards by helping them to achieve energy- and fuel-saving targets and meet the increasingly stringent acoustic requirements across multiple industries. Besides exhibiting high process stability and resource efficiency, production is characterized by the flexible and intelligent deployment of machinery and technology. This is the way in which the company meets the requirements for prototype and small-batch production as well as large-series manufacturing.
Here’s Christian Eck, Managing Director of ISOLITE: “The global reach of the combined group and its longstanding relationships with key players in Asia, Europe and North America provide an outstanding operational base for further development.” “Building on the materials expertise of both companies, the group offers its customers complementary technology portfolios that present ample opportunities for joint developments,” added Matthias Kroll, Managing Director of ISOLITE.
For ISOLITE, the new shareholder is an ideal partner helping it to press ahead with its successful growth and internationalization with the focus on markets in Europe, Asia and North America. As a company with high demands on culture and tradition, HITACHI Chemicals is the right partner for the group, allowing it to meet the thermal and acoustic challenges of tomorrow’s markets.