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Teijin Acquires Elitac

Teijin Acquires Dutch Smart Fabric Startup Elitac to Expand its Total Safety Solutions

Teijin, a Japanese chemical, pharmaceutical and information technology company, acquired 25,000 shares, or 20% of the outstanding shares of Elitac B.V., a Utrecht, Netherlands-based startup that develops textiles and clothing integrated with wearable sensing devices. The shares were purchased through Teijin Aramid B.V., the core company of the Teijin Group’s aramid business, located in Arnhem, […]