Armacell acquires complete ownership of Armacell JIOS Aerogels Limited from JIOS Aerogel
Acquiring Company
Armacell
Acquired Company
JIOS Aerogel
Luxembourg City
SingaporeManufacturingManufacturingDescription
Armacell, a global leader in flexible foam, has acquired all JIOS shares in Armacell JIOS Aerogels Limited (AJA). This acquisition represents a major step forward in Armacell's strategy to strongly grow its energy and industry business, particularly through technological innovations, increased capacity in aerogel manufacturing, and outstanding service capabilities. This move allows JIOS to sharpen its focus on providing aerogel solutions that mitigate thermal runaway in electric vehicles.
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Frequently asked
Who acquired JIOS Aerogel?
JIOS Aerogel was acquired by Armacell, based in Luxembourg City. The deal was reported on September 2, 2024. Armacell is the inventor of flexible elastomeric foams for equipment insulation. We develop innovative and safe thermal, acoustic and mechanical solutions that create sustainable value for our customers. Armacell is privately held and operates in Manufacturing.
When did Armacell acquire JIOS Aerogel?
Armacell's acquisition of JIOS Aerogel was reported on September 2, 2024. Armacell, a global leader in flexible foam, has acquired all JIOS shares in Armacell JIOS Aerogels Limited (AJA). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does JIOS Aerogel do?
JIOS Aerogel (JIOS) is the world's leading manufacturer of silica aerogel powder. Headquartered in Singapore, the company was founded in 2013 to pioneer a new process that dramatically lowers the cost of aerogel production. It is privately held, operating in Manufacturing, and is based in Singapore.
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