Isolite Acquired By Hitachi Chemicals
By Jack Burke03 May 2017
Hitachi Chemicals has acquired the Isolite group – a provider of thermal and acoustic management solutions for automotive, aviation, marine and industrial applications – from HQ Equita.
Isolite’s thermal and acoustic insulation and encapsulation solutions are, among other things, integrated in combustion engines, turbines, exhaust gas treatment components, batteries and stationary power generators. With its technology originating from the aerospace sector, the company offers solutions in hot end-applications reaching up to 1600°C as well as in cold end-technology.
Isolite is based in Germany and has locations in the USA, South Korea and South Africa.
“With the acquisition of Isolite, Hitachi Chemical expands its material technology expertise as well as its automotive business,” said Hiroyuki Yamashita, vice president and executive officer of Hitachi Chemical. “Hitachi Chemical has a clear vision for growth of the combined entities’ operations. Hitachi Chemical expects that its customers will greatly benefit from the combination of Isolite’s process and application expertise with Hitachi Chemical’s deeply rooted materials engineering excellence. “Furthermore, through Isolite and its other subsidiaries, Hitachi Chemical is now able to provide a comprehensive solutions portfolio for thermal management, strengthening Hitachi Chemical’s ambition of becoming a global leader in the automotive sector.”
The closing of this transaction is subject to regulatory approval and other customary closing conditions. The parties mutually agreed not to disclose details of the transaction.