Retail & Consumer

HeiQ plc

Market Cap (£m) 47.8


Company Description

HeiQ is a global leader in textiles innovation. The company provides over 200 science-based solutions - such as cooling, warming, filtering, purifying and repelling or even destroying viruses - that enable every-day products, including clothing, household textiles and medical supplies, to become more functional.

Investment Summary

HeiQ is a unique business, in our view, given its three-in-one business model, comprising research & development, manufacturing (of ingredients and materials) and marketing (to and on behalf of its brand partners). HeiQ benefits from substantial barriers to competitive entry, including patent protection, regulatory permits, its established academic research network and strong brand equity. We believe HeiQ has multiple growth opportunities from its existing product portfolio, new product launches and strategic acquisition activity, with which to achieve its stated objective of reaching revenues of $300m over the medium term.

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Company Management Team

  • Carlo Centonze

    Co-founder & Chief Executive Officer

    Carlo studied Environmental Sciences and Forest Engineering (MSc) at the Swiss Federal Institute of Technology, ETH Zurich. He earned his Executive MBA at the University of St.Gallen (HSG). After his service as an army pilot, he started his professional career as co-founder of the ETH spin-off, myclimate, a non-profit organization and prominent provider of carbon offsetting measures. Since 2004, Carlo has served HeiQ as co-founder and CEO, developing the firm from a two-employee company to an over 140-employee company. He also serves as Chairman of ECSA Group, a 108-year-old Swiss chemical and energy distributor with a consolidated turnover of over USD 300 million for 2020 and is a member of the executive board of Science Industries, the Swiss association of the pharmaceutical, biotech and chemical industries.

  • Xaver Hangartener

    Chief Financial Officer

    Xaver started his career in finance in 2005 after obtaining a bachelor’s degree in Business Administration from the University of St.Gallen (HSG). At the beginning of his professional career, he worked with EY Switzerland as an auditor for industrial clients and graduated as a Swiss Certified Public Accountant in 2009. He later worked in various finance positions and led the global finance and accounting team of a listed Korean speciality chemical producer before joining HeiQ in 2018 as Head of Controlling. He was appointed Group Chief Financial Officer in October 2019.