Evonik has acquired German biotech company JeNaCell. The acquisition expands Evonik’s biomaterials portfolio to provide biotechnologically derived cellulose. The nature-identical material developed by JeNaCell is used in medical technology and dermatology for the treatment of wounds and burns as well as in hydroactive skincare. The employees of JeNaCell will continue to work at the development and production site based in Jena, Germany.
Evonik recognized JeNaCell's potential in 2015 and invested in the start-up through its own venture capital arm. Following the complete takeover, JeNaCell's portfolio will be integrated into Evonik's health care business. The company accelerates the portfolio shift of its Nutrition & Care division towards system solutions and expands the division-wide technology platform of natural materials for medical technology. The share of system solutions in Nutrition & Care is to be increased from 20 percent today to more than 50 percent by 2030.
“JeNaCell has developed one of the most innovative biomaterials for medical device technologies. With the help of the creativity and expertise of JeNaCell's specialists, we will ensure that even more patients benefit from these products in the future,” said Thomas Riermeier, head of Evonik’s Health Care business line. “The acquisition will help us to further strengthen our position as an innovation hub for the world’s leading medical technology companies.”
The acquisition confirms Evonik Venture Capital’s strategy of investing early in start-ups with visionary technology that are relevant to Evonik's innovation growth fields.
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