Gulf One Capital BSC (“Gulf One”), a Bahrain-based private equity investor, has completed the listing of its sensor technology portfolio company NCTE AG (“NCTE”) on the Munich Stock Exchange.
Listing NCTE AG marks a new chapter for the German-based developer, manufacturer, and distributor of next-generation digital sensor systems based on the physical effect of magnetostriction.
Pioneers in the field of non-contact force measurement, NCTE’s patented technology makes customers’ machines more intelligent, delivering real-time data to enable unprecedented levels of efficiency for end-users.
NCTE’s latest generation of smart sensors enables non-contact torque, angle, position, bending, and shear measurements in various industries and products. Able to withstand extreme environments and conditions, the sensors have been successfully applied to multiple machines, including e-bikes, agricultural technologies, automation, robotics, fitness machines, mechanical and vehicle engineering, wind turbines, medical technologies, and even motorsports.
Commenting on the initial public offering, Gulf One Capital CEO Ziyad Omar said, “The listing of NCTE on the Munich Stock Exchange represents an important milestone for Gulf One and is a testament to its ability to foster innovation and growth across its portfolio. NCTE is a true leader in its field, with enormous potential as a pioneer in non-contact smart sensors across numerous markets. Its listing gives the business a new springboard for further capital raising and continued success.”
NCTE Chairman Günter Proepster commented, “We are delighted to enter a new era as a publicly listed company, providing NCTE with enormous scope for innovation, development, and market growth. Following the listing, the company participates in various investor meetings to raise additional capital to execute its ambitious growth strategy. We look forward to working with our investors and creating optimisation and end-user satisfaction for the industries we serve, revolutionising existing markets, tapping into potential ones, and delivering value to the investors who have put their faith in us.”
With more than 1 million accurate and tried sensors already working for NCTE’s customers and over 20 granted patent families in technology, manufacturing processes, and application patents, there are no limits to the potential application of NCTE’s highly durable sensors.
Looking ahead, the company has set their sights on expansion in its current market segments and power tools, aviation, and automotive services.
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