The investment firm InnovationsKapital has invested in Chalmers University spin-out Oxeon, a specialist in the manufacture of carbon-reinforced fabrics.
Staffan Ingeborn of InnovationsKapital said, “The company has a strong management team and we see this as a great opportunity to invest in a company with good growth and profitability”
Henrik Blycker, CEO of Oxeon, said the investment, “Shows that the company is developing in the right direction and is ready for bigger challenges.”
Since Oxeon was spun out of Chalmers in 2003 it has quickly established itself as the market leader in spread tow reinforcements. Spread tow refers to a particular way of weaving textile fibres that increases the strength of the resulting material.
Use of Oxeon’s spread tow carbon reinforcements increases the mechanical performance of composite material products, while reducing their weight. The company’s TeXtreme spread tow Fabrics and TeXero spread tow tapes are used by manufacturers of aerospace, automotive, racing, industrial and sports products in applications that have critical material performance requirements.