Kordsa Acquires AXIOM Materials With An Investment Of Usd 181 Million
Sabancı Holding CEO Mehmet Göçmen: “with this investment, Kordsa became the only worldwide qualified manufacturer of oxide-oxide ceramic matrix composites.”
Kordsa, a subsidiary of Sabancı Holding and a global player in the reinforcement technologies market, acquired US-based Axiom Materials. This acquisition of USD 181 million paved the way for Kordsa to be the only worldwide qualified manufacturer of Oxide-Oxide ceramic matrix composites.
Kordsa has stepped into the advanced composite materials industry with Composite Technologies Center of Excellence, conjointly established with Sabancı University. Kordsa has expanded its area of operations and competencies with its 2018’s acquisitions of Fabric Development, Textile Products and Advanced Honeycomb Technologies providing advanced composite materials to the aerospace industry. With the acquisition of Axiom Materials, Kordsa has completed the first phase of its goal to build a second Kordsa in composite technologies. Widely used in aircraft engines, the value-added materials produced by Axiom Materials have different applications in various industries and are considered as the material of the future. This acquisition, which is critical to develop Kordsa’s competencies in strategic and high growth areas, strengthens Kordsa’s potential to develop new products.
Ali Çalışkan, Kordsa CEO, regarding the purchase of Axiom Materials, which leads the composite market through its R&D studies, stated: “We took a very important step that reinforces our vision ‘Inspired from life, we reinforce life’. With the acquisition of Axiom Materials providing advanced technology composite materials to the next generation transportation vehicles as well as the aerospace industries and leading the composite market through its R&D studies, we have expanded our expertise in the field of composites and finalized the portfolio of advanced composite intermediates. With the acquisition of Axiom, we completed the first phase of our goal to build a second Kordsa in composite technologies. Today, we are the only worldwide qualified manufacturer of Oxide-Oxide ceramic matrix composites. I am both proud and excited for the days ahead. After the tires, wings, hulls and the interior of the aircrafts, Kordsa will also reinforce aircraft engines. "
Discover: www.axiommaterials.com