Canadian company Myant acquires Nanoleq and Osmotex

Myant Corp, based in the Canadian province of Ontario, has acquired two companies from the Greater Zurich Area, Nanoleq from Rümlang and Osmotex from Thalwil. According to a press release, the Canadian company will also set up its headquarters for Europe and the Middle East in the canton of Zurich. Myant is a supplier of advanced materials for the healthcare sector. It uses artificial intelligence in textile interfaces that function like a networked second skin and are designed to enable seamless interaction with the digital world.

Myant CEO Tony Chahine welcomes Nanoleq to the Myant Group "with great enthusiasm". The spin-off from the Swiss Federal Institute of Technology in Zurich develops elastic electrical cables, dry electrodes and biosensor technologies known as bodyGuards. These components for intelligent sportswear and workwear enable vital functions to be monitored in real time, for example by wearing a T-shirt while jogging, cycling or at the gym. "The combination of Nanoleq's know-how in the field of electrically conductive silicones for biosensor technology with Myant's medical expertise makes this acquisition a logical step," says Nanoleq CEO Vincent Martinez.

The DeepTech company Osmotex had already formed a joint venture with Myant in 2019. Its technologies, developed jointly with the Zurich University of Applied Sciences, enable precise control of moisture and particles in membranes and textiles with their billions of channels or pores. According to Tony Chahine, Osmotex technology can be used in a variety of ways, "whether in intelligent wound dressings for rapid healing or in firefighter uniforms to prevent dangerous heat exposure". With Myant, Osmotex CEO Trond Heldal sees his company "now in a position to maximize the benefits of our technologies". ce/mm