The collaboration will involve the world’s leading ignition and vehicle electronics specialist investing growth capital from its Venture Capital Fund CVC (jointly operated with Pegasus Tech Ventures) into this future-oriented medical company. The move further demonstrates NGK SPARK PLUG’s commitment to promoting the creation of new businesses.
As set out in NGK SPARK PLUG’s 2030 Long-Term Management Plan ‘NITTOKU BX’, the company is currently transforming its business portfolio to increase its activities in non-internal combustion engine-related areas. This has resulted in the focus on creating new businesses in the fields of ‘Smart Health’, ‘Smart Mobility’ and ‘Utility’.
NGK has had a decades-long involvement in the medical sector, where it has placed a particular emphasis on the areas: early disease detection, respiratory care and wound care.
Dirk Schapeler, President of Business Creation at NGK SPARK PLUG, said: “With our investment, we want to accompany the collaboration with neoplas med in the field of state-of-the-art wound healing technologies to improve the quality of life of patients worldwide.”
Initially, the company is acquiring a minority stake in the German enterprise as part of a capital increase but considers itself a strategic investor, with potential for further involvement.
Dirk Schapeler added: “Our goal is to accompany the worldwide use and further development of this ground-breaking technology in the long term.”
The partnership between the two companies will enable symbiotic development in wound care, with neoplas med bringing its cutting-edge expertise in cold plasma jet therapy to the table with their key product, ‘the kIN PEN’ – the first plasma jet to bear the CE mark as a medical device. Cold physical plasma is an ionised gas produced by electrical energy. It is applied to wounds with a jet beam and ensures that cells are stimulated to grow and quickly close wounds. Through the disruptive cold plasma jet process, the innovative company is achieving the latest advances in healing.
Currently, around 50 million people worldwide are suffering from chronic, non-healing wounds. Cold plasma jet technology allows patients to significantly improve their quality of life, while at the same time alleviating the burden on health care systems that rely on traditional treatment methods.
The new collaboration focuses on developing international markets such as the United States and Japan, expanding the fields of application into areas such as dental and ophthalmology, as well as the further development and digitalisation of the existing technology to increase efficiency. Based on their plasma and medical technology expertise, both companies see an additional advantage in the exchange of know-how.
Damien Germès, President & CEO of NGK SPARK PLUG EUROPE GmbH, Regional President EMEA and Corporate Officer of the Global Headquarters in Japan, said: “This strategic partnership with German neoplas med offers a snapshot of the transformation currently occurring at our company.
“Next to ‘Smart Mobility’ and ‘Utility’, ‘Smart Health’ is another one of the areas we are investing in as we continue on our mission to become an environmentally sustainable company that brings new value to the world.”
Notes to Editors
About NGK SPARK PLUG:
Worldwide: NGK SPARK PLUG is one of the leading automotive and technical ceramics suppliers, with its corporate headquarters in Nagoya, Japan and sales organisations and production facilities all over the world. The automotive side of the company specialises in the fields of ignition and sensor technology, supplying Original Equipment customers across the globe. For the Aftermarket, its product portfolio comprises spark plugs, glow plugs, ignition coils and leads under the NGK Ignition Parts brand. Under the brand NTK Vehicle Electronics the company offers oxygen sensors (including NOx sensors), exhaust gas temperature sensors (EGTS), mass air flow (MAF) and manifold absolute/boost pressure (MAP) sensors as well as engine speed and position sensors. With around 16,400 employees, the company’s automotive and technical ceramics activities generate a total annual turnover of around 3.7 billion Euros worldwide. NGK SPARK PLUG’s EMEA sales represent 32% of this global turnover. NGK SPARK PLUG operates on all continents and has 60 group companies, 35 production plants, five Technical Centres and three Venture Labs.
Aftermarket EMEA: NGK SPARK PLUG has seen significant growth across the Aftermarket since expanding beyond motorcycle parts into the automotive sector in the 1970s. With an outstanding commitment to quality, technology and research & development the company has become the world’s number one in spark plugs and oxygen sensors, and a leading provider of glow plugs, ignition coils and leads as well as further sensor technology. Organisationally NGK SPARK PLUG’s regional headquarters in Ratingen, Germany serves the Aftermarket across Europe, the Middle East and Africa. In the EMEA region the company has six regional companies and more than 1,000 employees, as well as two production plants in France and South Africa and a Technical Centre in Germany.
For more information please visit: www.ngkntk.com
For further information please contact:
Annika Lustig, Specialist PR & Communications, Aftermarket EMEA, NGK SPARK PLUG EUROPE GmbH
Harkortstr. 41, 40880 Ratingen, Germany, AG Duesseldorf HRB 43118
Tel: +49 (0)21 02 974 152 E-mail: firstname.lastname@example.org
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