NanoRepro AG Secures Majority in Deutsche Kosmetikwerke

NanoRepro AG has announced its acquisition of a majority stake in Deutsche Kosmetikwerke (DKW), which boosts its portfolio with the skincare brand newkee. This strategic move, slated for integration from October 2026, promises to leverage NanoRepro's distribution model, potentially unlocking revenue and cost synergies.

NanoRepro traded 263,000 treasury shares, previously valued at approximately €0.45 million, for a 6.52% stake in DKW. The transaction values DKW at approximately €12 million, though the acquired stake benefited from a roughly 43.8% discount due to DKW's current unprofitability.

The integration is predicted to add €0.4 million in revenue for FY26, expanding to €3.1 million in FY27. However, substantial promotional and personnel expenses are expected, delaying EBITDA break-even to FY28. The scaling efforts aim for a positive EBITDA trajectory by FY28, bolstered by distribution integration and market expansion.