Sector News

Merck To Fully Acquire Qlight Nanotech

June 29, 2015
Energy & Chemical Value Chain
(RTT News) – German drug maker Merck KGaA announced that it is acquiring the remaining stake in Qlight Nanotech Ltd., Jerusalem, Israel, and will hold 100% of the company. Financial details of the transaction were not disclosed.
 
By exploiting new technologies Merck aims to strengthen its leadership in liquid crystal display materials and growing presence in OLED materials. Qlight Nanotech’s novel nanocrystals help to improve color impression and energy efficiency of modern displays.
 
Merck has invested into Qlight Nanotech in two steps in 2012 and 2013 already before. Qlight Nanotech will remain the quantum materials research hub for the Performance Materials business sector of Merck.
 
“The acquisition of Qlight Nanotech perfectly fits into our innovation strategy. We have set the basic platforms for growth in our three business sectors to grow organically and driven by innovation. Innovations are our lifeblood,” said Karl-Ludwig Kley, CEO and Chairman of the Executive Board of Merck.
 
Qlight Nanotech is a spin-off of Yissum, the technology transfer company of the Hebrew University of Jerusalem.
 
Qlight Nanotech’s Jerusalem site will remain the quantum materials research hub for Merck.

comments closed

Related News

April 14, 2024

Nadja Håkansson appointed Chief Executive Officer of thyssenkrupp Uhde

Energy & Chemical Value Chain

The future CEO of thyssenkrupp Uhde, Nadja Håkansson, has held various management positions at Siemens and Siemens Energy and looks back on over 18 years of national and international experience in the areas of supply chain management, operations, sales and corporate management.

April 14, 2024

Neste and Lotte Chemical team up to scale renewable plastics from used cooking oil

Energy & Chemical Value Chain

Neste and South Korean company Lotte Chemical have partnered on a project to elevate the sustainability profile of chemicals and plastics. The partnership’s ambition is to replace fossil resources with renewable raw materials that offer a lower carbon footprint.

April 14, 2024

EU chemical industry confidence shows upward trend

Energy & Chemical Value Chain

At least the confidence in the chemical sector has been seeing an upward trend and the trade balance is recovering as destocking seems to be coming to an end. Citing projections from the European Central Bank, CEFIC states that the level of inflation is expected to fall from 5.4% in 2023 to 2.3% in 2024.

How can we help you?

We're easy to reach