Formed in 1999 as a spin-off from Deutsche Telekom, NaWoTec has been a pioneer in nanotechnology business in Germany. The company had developed a method that enables extremely tiny structures to be produced with the aid of an electron beam. These nanostructures are needed for semicon manufacturing, as conventional methods were reaching their physical limits at the beginning of 21st century.
In 2002, the company won Carl Zeiss as a strong partner from the industry. The two companies jointly developed a mask repair system, which went on to become the industry standard and for which NaWoTec won the German Industry Innovation Prize in 2004. When Carl Zeiss realized the strategic value of this technology, management decided to acquire the company in 2005, making the revolutionary technology an integral part of the company’s semicon business.
As the lead investor, Wellington Partners had accompanied this company since 2002, encouraging management to intensify its relationship with Carl Zeiss and helping them gain access to major customers and partners.