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High-tech from Mühlhausen

  • 2007

bm|t acquires stake in Cor­dus GmbH

bm|t beteili­gungs­man­age­ment thürin­gen gmbh – a sub­sidiary of Thüringer Auf­baubank – invests EUR 2 mil­lion of start up financ­ing in recently founded Cor­dus GmbH in Mühlhausen / Thuringia. The trans­ac­tion is funded by PET – Pri­vate Equity Thürin­gen GmbH & Co. KG and man­aged by bm|t.

Cru­cial fac­tors of our invest­ment deci­sion were the trend­set­ting tech­nol­ogy, the close co-oper­a­tion with uni­ver­si­ties and lab­o­ra­to­ries as well as the com­pe­tence and indus­try know-how of the com­pany founder,” Dr. Guido Bohnenkamp, Gen­eral man­ager of bm|t said.

Cor­dus GmbH is a young high-tech com­pany that devel­ops and pro­duces glass fibres and glass cords for the auto­mo­bile and secu­rity indus­try. Glass cords are thin glass fibres that are woven to form a twisted yarn. There­fore Cor­dus together with uni­ver­si­ties has devel­oped a new process using nano tech­nol­ogy. The result are glass cords with – com­pared to today’s prod­ucts – extremely improved prod­uct char­ac­ter­is­tics. The new prod­uct will be used e.g. for tim­ing belts in the auto­mo­bile indus­try or for press­ing belts in the paper industry.

Pro­duc­tion is expected to start in early 2008 with 16 employees.

Contact

Cor­dus GmbH
Dr. Wal­ter Terschüren

Lüt­zow­straße 1
D‑99974 Mühlhausen
+49 (0) 5651 71659
+49 (0) 171 834 7887

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