Nynomic AG. (8/12/19). "Press Release: Acquisition of the Business Operations of LemnaTec GmbH Strengthens Technological Competence in the Field of Plant Phenotyping". Wedel.

	Organisation	Nynomic AG
	Group	Nynomic (Group)
	Organisation 2	LemnaTec GmbH (old, until 8/19)
	Today	LemnaTec GmbH (new, since 7/19)
	Group	Nynomic (Group)
	Product	photonics
	Product 2	laboratory equipment and instruments
	Index term	LemnaTec–Nynomic: investment, 201908 acquisition €na of assets of bankrupt LemnaTec Gmbh by Nynomic AG

Nynomic AG has taken over the business operations of LemnaTec GmbH, Aachen, as part of an asset deal via a wholly-owned subsidiary of Nynomic AG. The effectiveness of the acquisition is still subject to the approval of the creditors’ committee. It was agreed to keep the purchase price confidential.

The new subsidiary of Nynomic AG will be integrated into the group as the seventh pillar under the name of LemnaTec GmbH, whereby the location, employees and all essential parts of the business operations will proceed unchanged.

The Aachen, Germany, based company LemnaTec has firmly established itself within the agro-industry in a highly attractive future market. Digital phenotyping technology has gained great interest in science, in bio-economy and for the development and quality control of agricultural products.

Climate change, water scarcity and extreme weather – agriculture and agricultural products are facing increasingly complex challenges. In order to adapt plants to these new conditions, new innovative varieties are being developed and bred. Physical properties, such as the growth and quality characteristics of a plant in terms of structure, function, performance, resource consumption and resilience (i.e. the phenotypes) are fundamental indicators for the breeding and optimization of a sustainable seeding and therefore crucial for food production and the development of profitable and sustainable climate-adapted agriculture.

With the acquisition of LemnaTec, Nynomic AG is entering a new high-growth market segment within the photonics industry. Since 1998, LemnaTec has established itself as a world-leading specialist for hardware and software systems in the field of digital plant phenotyping and high-throughput screening. Digital phenotyping measures the external appearance of plants in terms of size, shape and color as characteristics for shoot and root growth, productivity and quality. Physiological parameters such as the water and nutrient content of the leaves or photosynthesis are also recorded.

Through the application of LemnaTec’s highly complex, non-invasive sensor and automation technologies, the plants are analyzed contact-free, so that each individual plant can be repeatedly examined and continuous information about the development and health status of the plants is acquired. Main application areas of plant phenotyping at LemnaTec are in agrochemistry, agronomy, plant research and plant breeding, and range from small applications in the laboratory to large-scale installations for greenhouses and open fields.

LemnaTec’s solutions for measurement and evaluation of plant phenotypes and their varieties enable customized solutions for industrial corporations such as Corteva, BASF and Bayer Crop Science as well as for international research institutions and universities. In addition to plant analysis, LemnaTec also provides analytical methods for detection of plant diseases as well as infestation by insects and other animals, which often occur as pathogens of plants. Solutions for digital seed testing developed by LemnaTec do provide valuable services in the seed industry and for gene banks in determining germination rate, germination quality and seed quality.

LemnaTec GmbH, with more than 20 employees at the Aachen location, is expected to generate sales of EUR 5 to 7 million in the first full financial year 2020.

The Management Board of Nynomic AG is convinced that the acquisition of LemnaTec is a strategically consistent step to further expand and strengthen the technology leadership of the Nynomic Group.

About Nynomic:

Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The smart photonic solutions are built on a technology platform based on spectral sensor technology. Thanks to the good adaptability to customer’s processes, they can be scaled into different applications, unfolding a large increase in efficiency and thus give an edge to the customer. With its miniaturization-based technology, Nynomic has a strong basis for its medium-term growth, which is well above average compared to market levels. As a full-line supplier, Nynomic AG has a clear marketing concept, from component to solution. It has a global presence, with independent brands, subsidiaries and approximately 400 employees, including LemnaTec’s.

More information on the company is available on the corporate website at www.nynomic.com/en.

Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
www.nynomic.com

For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
[email protected]

Record changed: 2023-06-05