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  5. Nitto Denko Acquires nolax Airbag

M&A Deal Summary

Nitto Denko Acquires nolax Airbag

On July 25, 2016, Nitto Denko acquired automotive company nolax Airbag from nolax AG

Acquisition Highlights
  • This is Nitto Denko’s 1st transaction in the Automotive sector.
  • This is Nitto Denko’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2016-07-25
Target nolax Airbag
Sector Automotive
Buyer(s) Nitto Denko
Sellers(s) nolax AG
Deal Type Divestiture

Target

nolax Airbag

Switzerland
nolax Airbag is the developer and supplier of major multilayer film solution for the sealing of side curtain airbags, a growing segment within the expanding airbag market. Side curtain airbags protect car occupants from severe or fatal injuries during a rollover accident. This requires the airbags to remain inflated for a certain period of time which is being ensured by nolax Airbag’s innovative adhesive films.

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Buyer(S) 1

Buyer

Nitto Denko

Osaka, Japan
Category Company
Founded 1918
Sector Consumer Products
Employees25,769
Revenue 1.01T JPY (2025)
DESCRIPTION

Nitto Denko is a company which produces tapes, vinyl, LCDs, insulation, and several other products. Nitto Denko was founded in 1918 and is based in Osaka, Japan.

DEAL STATS #
Overall 6 of 7
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Girindus America

Cincinnati, Ohio, United States

Girindus America, Inc. is a recognized company in the therapeutic oligonucleotide manufacturing business serving major pharmaceutical and biotech companies with small and large-scale manufacturing capabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Bend Labs

Farmington, Utah, United States

Bend Labs is a soft silicone sensor platform for measuring human motion. The company's patented soft silicone bending, stretch and pressure sensor platforms will be the enabling technology underlying a significant portion of the tens of millions of smart garments, virtual reality gloves, and remote medical devices that are predicted to ship within the next five years. Built on top of core technology(low power sensors + algorithms + software), its sensor systems will seamlessly integrate into a range of products and target the growing smart clothing, VR, and remote healthcare markets. Bend Labs was formed in 2013 and is based in Farmington, Utah.

Buy -

Seller(S) 1

SELLER

nolax AG

Sempach Station, Switzerland
Category Company
Founded 2009
Sector Chemicals
DESCRIPTION

nolax Holding AG is an independent, family-owned start-up developer for adhesive-relevant innovations, company with around 60 specialists from various industries and areas of expertise. The company was incorporated in 2009 and is based in Sempach Station, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2016 M&A 1 of 1
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