Henkel AG & Co. KGaA (XTRA:HEN3) is looking for acquisitions. Henkel is pursuing further acquisitions, targeting technology-oriented companies in particular, Chief Executive Officer Carsten Knobel told German paper Frankfurter Allgemeine Sonntagszeitung.

"While we are already the global market leader in the adhesive sector, there are still many opportunities," the Chief Executive Officer said in an interview published on April 21, 2024. In the recent months, the company has carried out acquisitions worth over EUR 1.5 billion (USD 1.6 billion), Knobel added. According to the CEO, the firm needs to invest to continue developing.

The focus is primarily on technology-oriented companies. "With our adhesive business, we are already present in all regions today. Sometimes it is faster to acquire an already existing technology than to develop it ourselves," the CEO noted.