Subsequent Events

On September 9, 2020, ALTANA entered into an agreement to acquire the business of TLS Technik GmbH & Co. Spezialpulver KG (TLS), Bitterfeld, Germany. TLS is a leading manufacturer of metal powders for 3D printing. The acquisition was completed on February 1, 2021. The business, with annual sales of approximately € 9 million in 2019, will be integrated into the ECKART division.

Furthermore, on February 4, 2021, ALTANA submitted a binding offer in the double-digit million range to acquire a business that is to be integrated into the ACTEGA division.