Economy / Industry / Financing
Watttron receives further capital and expertise to strengthen growth and development
Freital (Saxony), April 24, 2020. The Green light has been given for further growth and expansion at watttron. The Saxon company from Freital near the German City of Dresden has been able to attract renowned partners who will provide capital and expertise: Constantia New Business, a long-term technology investor from Austria, SKion, the investment company of entrepreneur Mrs Susanne Klatten, LAUDA DR. R. WOBSER Beteiligungs-GmbH and the Technologiegründerfonds Sachsen are investing a sum of 3.4 million euros.
Platform technology also for other markets
“This support is very important for the next big step”, says Marcus Stein, CEO of watttron GmbH, happily. “In the future, we want to serve customer requirements worldwide with our innovative platform technology. From the very beginning, our strategy has been to attract long-term oriented investors who can give us more than growth capital. We will also benefit from their experience and thus come closer to our goal of building market leadership in various industrial sectors”.
The German technology start-up watttron develops and produces novel heating systems that are used in industrial processes for precise temperature control. The patented heating technology enables, among other things, the optimization of packaging with regards to the use of materials and energy. The process allows precise temperature control even for large areas to be heated and thus facilitates the processing of bio-based and recycled materials.
watttron aims at rapid expansion
The current growth financing should further accelerate the development of watttron and enable the company to supply global players. The establishment of series production is also being focused on. watttron’s customers already include companies such as Procter & Gamble and Reckitt Benckiser. With the capital raised, watttron intends to gain partners in new industries such as biotechnology, chemistry and 3D electronics, strengthen business relationships in the American market and begin developing the Asian markets. Having received this investment in times of the Corona crisis and the resulting difficult starting position for investment commitments shows the high potential of watttron.
Minister of Economics Martin Dulig is pleased about the investor’s commitment
“I have been following watttron’s developments since its foundation in 2016 and I was able to get an impression of the innovation and the team on site in Freital”, says Saxony’s Minister of Economics Martin Dulig. “The commitment of several well-known investors shows me once again the outstanding inventive talent and entrepreneurial expertise that exists at the Saxon universities and research institutions. It also confirms that the jurors in the selection process for the futureSAX Founder’s Prize have a very good feeling for outstanding founding ideas, as this prize was already awarded to watttron GmbH in 2017. For the future, I wish the founding team and the existing 20 employees continued success and a good compass for the now even more dynamic path to becoming an established technology company based in Saxony,” says Dulig.
Convinced by the product and the management
“We have been a cooperation partner of watttron for around two years because we have already seen the benefits of the patented heating technology beyond the packaging market in 2018 and actively support it,” emphasises Dr. Gunther Wobser, managing partner of LAUDA. “The positive development of recent years has confirmed our decision to continue investing in watttron.”
“We can see that the plastics market has been in a state of flux not only since the latest public discussions,” emphasizes Arno Langwieser of Constantia New Business. “With watttron, we have found a strong partner to help us face these changes. We are convinced of the company’s management and the strength of the product”.
Andreas Müller, authorized officer of the Technologiegründerfonds Sachsen, adds: “watttron is a company that has already received several awards and is recognized beyond the borders of Saxony. We are looking forward to working with such renowned co-investors and providing strategic support in the development of watttron into an internationally renowned company”.
Images are available for media use free of charge under the following link
(about 13 MB, © watttron):
BU:watttron management from left to right Ronald Claus von Nordheim, Michaela Wachtel, Marcus Stein, Dr. Sascha Bach
BU: watttron Managing Director Marcus Stein during contract negotiations in times of Corona with investors from left to right Dr. Mario Englert, Managing Director of LAUDA DR. R. WOBSER Beteiligungs-GmbH, Ronald Claus von Nordheim, CPO of watttron, Michaela Wachtel, COO of watttron, Dr. Sascha Bach, CTO of watttron, Dr. Matthias Kalbus, Investment Manager TGFS, Arno Langwieser, Investment Manager CNB, Rico Kleinhempel, Business Angel, Dr. Gunther Wobser, Managing Partner LAUDA DR. R. WOBSER Beteiligungs – GmbH, Jan K. Verweyen, Investment Manager SKion
BU: Patented cera2heat matrix heating system for heterogeneous, precisely defined contact heating of surfaces
Kathrin Eckhardt, Marketing Manager
watttron GmbH, Dresdner Straße 172c, 01705 Freital
Telefon: +49 351 850730-49, E-Mail: email@example.com
PDF to press release: Download
The watttron GmbH is a spin-off from the Institute for Natural Materials Technology at the TU Dresden and the Fraunhofer Institute for Processing Machines and Packaging Technology (IVV) Dresden. The company was founded by Marcus Stein (now CEO at watttron), Ronald Claus von Nordheim (CPO) and Dr. Sascha Bach (CTO) supported by Michaela Wachtel (COO) in February 2016 in Freital near Dresden. In the meantime, watttron has around 25 employees. The company develops and produces innovative heating systems that enable precise temperature control in industrial processes.
As a corporate venture capital investor, Constantia New Business (CNB) invests in technology start-ups that develop innovative products for B2B markets. The focus is on information technologies, process engineering and performance materials. CNB focuses on long-term commitment and entrepreneurial approach.
SKion GmbH is an entrepreneurial investment company owned by Mrs. Susanne Klatten and located in Bad Homburg v. d. Höhe. The portfolio includes investments in industrial companies such as ALTANA AG, SGL Carbon, Nordex and AVISTA OIL, LANDA Digital Printing and several companies in the field of water technology.
LAUDA is the world market leader in the field of exact temperature control. Temperature control units and heating/cooling systems from the Baden-based company are at the heart of many applications, particularly in the automotive, chemical/pharmaceutical, semiconductor and laboratory/medical technology industries.
About the Technologiegründerfonds Sachsen (Saxony Technology Start-up Fund)
The TGFS is a venture capital fund co-financed by the European Regional Development Fund (ERDF). The fund, initiated by the Free State of Saxony, was launched in 2008 and was increased to more than €124 million in 2016. It provides technology-oriented founders in Saxony with equity capital for the seed and start-up phase.