Henkel invests in London-based startup

ELGIN - Henkel Adhesive Technologies, a Germany-based company with a manufacturing facility and corporate offices in Elgin, said it is investing in ioTech, a London-based startup with an research and development footprint in Israel.

Founded in 2016, ioTech has developed a disruptive Continuous Laser Assisted Deposition, or CLAD, technology that enables the further miniaturization of a variety of applications in the electronics industry. With the investment, Henkel aims to drive synergies between its customer demands and its material solutions, laser jetted with ioTech's disruptive technology, the company said.

Henkel is a leading materials supplier for the electronics assembly and semiconductor packaging industries. Customers around the globe rely on Henkel technologies for consumer electronics such as smartphones, for medical applications, for industrial applications ranging from cars to solar modules, as well as for infrastructural innovations such as 5G networks.

"We are scouting for novel and scalable technologies complementing our existing portfolio in adhesives, sealants and functional coatings," said Paolo Bavaj, head of corporate venturing for Henkel's Adhesive Technologies business.