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

November 9, 2024

ICIG and Vynova Group announce acquisition of European Valtris Advanced Organics business

Energy & Chemical Value Chain

International Chemical Investors Group (ICIG) today announced the acquisition of the European Advanced Organics business from Valtris Specialty Chemicals. The acquisition includes production plants in Tessenderlo (Belgium) and Maastricht (the Netherlands) as well as the benzyl chloride and derivatives portfolio manufactured at those sites.

November 9, 2024

Eni closes $1bn sale of Alaska upstream assets

Energy & Chemical Value Chain

Italian oil and gas company Eni has completed the sale of its Nikaitchuq and Oooguruk oil assets in Alaska, US, to Hilcorp in a deal valued at $1bn. This deal, which was signed in June 2024, is part of Eni’s broader plan to rebalance its portfolio by divesting non-core assets.

November 9, 2024

ADNOC launches agentic AI solution for energy sector

Energy & Chemical Value Chain

Abu Dhabi National Oil Company (ADNOC) and AIQ have unveiled ENERGYai, a custom-built agentic AI solution for the energy industry. The announcement was made at the Abu Dhabi International Petroleum Exhibition & Conference. ADNOC said the agentic solution will perceive, think, learn and take action to create value and improve sustainability across its operations.

How can we help you?

We're easy to reach