Nynomic - Acquisitions support record H118 revenues
The recent acquisition of LayTec helped drive 16% growth in revenues in H118, though Spectral Engines is not yet profitable, resulting in a drag on EBIT margin and only very modest EBIT growth. Strategically, the pair take Nynomic into a new, high-growth industry vertical and B2C activity.Nynomic AG, formerly mut AG, is a Germany-based company engaged in the provision of photonics, optical technology and microelectronics solutions. It covers product conception, design, evaluation, development and market introduction, and operates through three segments: Clean Tech, Green Tech and Life Science. The Clean Tech segment offers sensors and measuring systems for industrial producers and system operates, such as bioplants; the Green Tech segment focuses on farming solutions, as well as the food and beverage industries, and offers solutions for harvest monitoring and animal feeding, and the Life Science segment focuses on medical technology, such as spectrometers, laboratory instruments and other analytical solutions.
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