NETHERLANDS: TenCate buys majority stake in Xennia
Hi-tech fabric producer TenCate is to buy a controlling stake in inkjet technology specialist Xenia Technology Ltd.
The two companies currently work together on the Digitex project, an EU subsidised initiative to explore the digital application of nano-scale coatings and related chemicals on textile materials.
The management of Cambridge, UK-based Xennia will retain 16% of the company's shares, while TenCate has a 75% stake.
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