The seller, Burkhard Scholz, will stay on upon completion of the deal for 12 months.
Nanofilm Technologies International plans to acquire two Germany-based coating businesses from the same owner for 3.07 million euros, with an earn-out of nearly 1.2 million euros.
According to Nanofilm, one of the companies, EC Coating, serves customers in the luxury, high-end decorative industry; MC Coating, the other target, focuses on the medical industry.
