- Exyte CEO Dr. Büchele: “With the acquisition of Intega, we are strengthening our vertical integration further.”
- Intega covers the entire spectrum from engineering to project execution
- Continued growth in target industries such as semiconductors, life sciences and pharmaceuticals
STUTTGART, Germany, Aug. 9, 2023 /PRNewswire/ — Exyte, a leading company in the design, engineering, and delivery of high-tech facilities, intends to acquire Intega GmbH, a specialist in high-purity media supply systems. Corresponding agreements were signed by Exyte and private investment company Nimbus, the current owner of Intega. Intega develops, plans, and implements high-purity media supply systems. The company’s systems provide gas, water, and other chemicals for semiconductor manufacturing facilities and other advanced technology production facilities. Based in Munich, Germany, Intega employs around 300 people. The company currently achieves a sales level of around 60 million euros. The transaction is subject to the necessary approvals by anti-trust authorities. Both parties have agreed not to disclose the purchase price.
Intega was founded in 1946 and is now active at seven locations in Germany, Austria, and Switzerland. Intega’s customers are international market and technology leaders from the semiconductor, automotive, chemical, and pharmaceutical industries. With the acquisition of Intega, Exyte advances its strategy of vertical integration. This foresees strengthening the business in the area of mission-critical equipment and installation services. Founded in 2021, Exyte’s business area Technology & Services (T&S) consists of companies that provide cleanroom technology, mission critical sub-systems and installation services. Intega perfectly complements Exyte’s existing portfolio.
Further growth of equipment and installation services
“With the acquisition of Intega, we are strengthening our vertical integration. Intega’s offerings and regional presence flawlessly complement our business area Technology & Services. This is the next strategic step in growing our competence in the area of critical sub-systems for advanced technology facilities, especially for the semiconductor industry. In addition, Intega will form the core of our European service activities. As a result, the combination of Exyte and Intega will create new growth drivers that will ultimately be advantageous for our clients,” says Exyte CEO Dr. Wolfgang Büchele.
“With Exyte, Intega is gaining a strategic owner who will accompany and promote our long-term development. Both companies, at different levels of the value chain, have been working together successfully for decades. Exyte is the perfect partner for Intega’s expansion in the DACH region and globally, its continued growth, and for the further strengthening and executing of its strategy. Both existing and new customers as well as our employees will benefit from the combined forces of Exyte and Intega,” says Paul Metten, CEO of Intega.
“Since our acquisition of Intega in 2018, we have strategically developed the company successfully and managed to realize a strong growth trajectory on a stand-alone basis, both in terms of revenue and profitability. During this time, Intega, together with Nimbus, has significantly expanded its market position through innovations and excellent customer orientation. We are convinced that Exyte is the perfect partner to realize the next growth phase,” emphasizes Henning Andresen, Managing Partner at Nimbus.
Acquisitions as part of the “Next Level” future agenda
Exyte is currently successfully pursuing its “Pathway to Ten”, the goal of achieving sales of ten billion euros by 2027. To this end, the company has defined the future agenda “Next Level”. Sales are expected to further increase in all business segments, including strategic acquisitions.
The agreement to acquire Intega is the third acquisition to strengthen Exyte’s Technology & Services business area, following the acquisition of the US companies Critical Process Systems Group (CPS) in 2021 and Airgard, Inc. last year. With these acquisitions, Exyte enlarged the portfolio of T&S by chemical and gas delivery systems as well as exhaust gas management, among others, for industries like semiconductors and life sciences.
In 2022 T&S almost doubled its sales with €775 million (2021: €427 million), which was around 10 percent of the group’s total sales. The strong growth path is also reflected in an order intake of 1.1 billion euros in 2022. In the mid-term, the business area Technology & Services is expected to continue its strong growth path organically and through further bolt-on acquisitions.
Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of turnkey solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2022, the company generated sales of €7.4 billion with around 9,000 employees worldwide. www.exyte.net
Intega is a specialist in the development, manufacturing, installation, commissioning, and service of high purity media technologies. The company’s products include gas supply systems, chemical supply- and water systems that meet the high purity and safety critical requirements of their respective end markets. Intega serves primarily the semiconductor industry but is also active in the pharma industry and several high-tech markets. The company’s know-how of the semiconductor production process enables the diversification into the production of customized equipment for process tool makers (OEMs). Products in this segment comprise primarily customized gas line or cooling assemblies for application in process machines and gas boxes which control the distribution of gas/air into these machines.
Being run out of Munich, Germany, the company employs dedicated people across locations in Germany, Austria, and Switzerland. A significant number of employees is based permanently on selected customer sites (On Site). (Inter-)national OEM Business Development, developing strong On Sites, win & execute new Equipment & Installation projects and establish new fields of business for serving modern society are key pillars of its future. www.intega.com
Nimbus is a private investment company that has been operating for over 20 years, with offices in the Netherlands (Zeist), Germany (Munich) and United Kingdom (Leeds). Since 1999, Nimbus has invested in over 100 mostly industrial companies that are at crossroads in their development requiring both capital and management support to reach the next stage in the development of the company. Nimbus has a practical attitude and a true hands-on approach to investing and employs a team of professionals that devote most of their time helping our current over 30 portfolio companies improve their business. www.nimbus.com
Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.
Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.
The Challenge and Our Solution
Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.
Why Tangle Network?
Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:
- Proof Generation: Delegate computational tasks to our validators.
- Trusted Setups: Tangle Network manages complex ceremonies for you.
- Secure Signing: Utilize our threshold signing for cross-chain operations.
By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.
- Unparalleled speed, security, and scalability via Substrate.
- Decentralized control through Distributed Key Generation (DKG).
- Advanced protocols for zero-knowledge applications.
- Cross-chain compatibility with IBC and XCM.
- Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
- Smooth, forkless upgrades.
The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.
Testnet Quick Links
- Developers: Start building on Tangle today. Learn More
- Validators and Relayers: Help secure and maintain the network. Learn More
- Join the Community: Follow us on Twitter or join our Discord.
For media inquiries, partnerships, or more information, email us at [email protected]
ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”
The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).
Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.
Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.
Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges. ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.
For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.
CONTACT: Jacelynn Pang, [email protected]
BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading
SINGAPORE, Sept. 27, 2023 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation.
WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal.
The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to TradingView integration and the innovative Spread-trading Terminal, users can automate their trading strategies and diversify their portfolios with minimal risk. The Spread-trading terminal enables BingX users to choose assets for constructing a spread and will execute buy and sell orders simultaneously for the selected pairs. This integration empowers BingX users to create and fine-tune crypto trading bots swiftly, providing a unique opportunity to optimize their trading while minimizing market volatility risks.
Megan Nyvold, Head of Branding at BingX, expressed her excitement about the collaboration, saying, “BingX is always striving to offer our users the most innovative and user-friendly tools to navigate the crypto market with efficiency and greater ease. Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence. We’re excited to see our users leverage the power of automated trading through WunderTrading and make the most of this enhanced trading experience.”
As BingX and WunderTrading join forces, users can look forward to an enhanced trading journey filled with innovative tools and features designed to optimize their trading strategies.
BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit https://bingx.com to learn about BingX.
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