Plastic Omnium Invests in a Venture Capital Fund Dedicated to the Energy Transition and the Mobilities of the Future
November 09 2017 - 2:30AM
Business Wire
Regulatory News:
Plastic Omnium (Paris:POM) is sharpening and diversifying its
policy for innovation by deploying groundbreaking solutions and new
business models to carry its growth in the mobility of the
future.
The Group just invested, as co-sponsor, as part of the €240
million fundraising effort of Aster, a venture capital company
specializing in the digital transformation and new industrial
models. With this fundraising, Aster will assist the growth of
innovative companies working the areas of the energy transition and
the mobilities of the future, mainly in Europe and the United
States.
This investment by Plastic Omnium follows in the wake of the
investment in the company Ξ-POCellTech, created with the Israeli
group Elbit Systems, in the area of fuel cells.
Plastic Omnium will also begin construction of Δ-Deltatech, a
new advanced center for innovation and research in Brussels,
dedicated to new forms of energy such as hydrogen. This center will
welcome, starting in 2019, more than 200 engineers.
This open innovation approach complements the strategy of
Plastic Omnium that, each year, invests 6% of its revenue in
Research, Innovation & Development, representing approximately
€500 million for the year 2017. The Group employs 3,500 engineers
and holds 4,000 patents. Coordination between these measures and
the 23 R&D centers of Plastic Omnium – including the
Σ-Sigmatech international centers created in 2003 for exterior
bodywork parts, α-AlphaTech in 2014 for fueled systems and I-Itech
in 2015 for IT systems – is provided by the Group's Scientific
Director, a position created in September 2016.
Plastic Omnium thus confirms its commitment to contribute to the
accelerated changes in automobile technology and mobility, on which
the Group hopes to strengthen its positions as a world leader
through the technological changes and the energies of the
future.
Plastic Omnium is the world leader in automotive exterior
components and modules, automotive fuel systems, and waste
container solutions for local authorities and companies. The Group
and its joint ventures have 32,000 employees across 124 plants, 23
R&D centers and 31 countries worldwide, serving 74 automotive
brands. Plastic Omnium is listed on Euronext Paris, compartment A.
It is eligible for the Deferred Settlement Service (SRD) and is
part of the SBF 120 and CAC Mid 60 indices (ISIN code:
FR0000124570).
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