M&A Deal Summary

Hexion Acquires Smartech

On December 3, 2024, Hexion acquired information technology company Smartech

Acquisition Highlights
  • This is Hexion’s 1st transaction in the Information Technology sector.
  • This is Hexion’s 1st transaction in Israel.

M&A Deal Summary
Date 2024-12-03
Target Smartech
Sector Information Technology
Buyer(s) Hexion
Deal Type Add-on Acquisition

Target

Smartech

Caesarea, Israel
Smartech specializes in AI-driven manufacturing solutions that optimize efficiency, sustainability, and production quality. It transforms traditional manufacturing processes and sets new standards in digital automation. Smartech was formed in 2005 and is based in Caesarea, Israel.

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Buyer(S) 1

Buyer

Hexion

Columbus, Ohio, United States
Category Company
Founded 1857
Sector Chemicals
Employees5,100
DESCRIPTION

Hexion engages in the production of thermoset resins. Hexion serves the global adhesive, coatings, composites, and industrial markets through a broad range of thermoset technologies, specialty products, and technical support for customers in a diverse range of applications and industries. Hexion was established in 1857 and is based in Columbus, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Israel) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-24 Hexion - Global Epoxy Business

Columbus, Ohio, United States

Hexion's Global Epoxy Business is manufacturing and developing specialty resins, coatings, and composites for a variety of industries, including high-growth and sustainability-oriented end-uses such as wind turbine blades and light-weight automotive structural components. Hexion's Global Epoxy Business is based in Columbus, Ohio.

Sell $1.2B
Mergr

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