Universal Matter UK Limited (“UM UK”), a wholly owned subsidiary of Universal Matter Inc., acquires all shares of Applied Graphene Materials UK Limited (“AGM UK”) and Applied Graphene Materials LLC (“AGM US”), the main operating subsidiaries of Applied Graphene Materials plc on March 28, 2023, for a total consideration of US$1.3M.
The sale and purchase agreements relating to this transaction were signed on February 21, 2023, and UK NSI Act approval was received on March 24, 2023. Closure of the acquisition was completed concurrently with the start of the European Coating Show in Nurnberg Germany March 28-30, 2023.
Strategic Enhancement of Dispersion & Application Capabilities
Universal Matter Inc. (UMI), a privately held Canadian Corporation, is a high-tech advanced materials company seeking to create strong circular economies by upcycling a range of carbon-based materials, including waste streams, to manufacture and supply high quality and sustainable turbostratic graphene (TG).
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The acquisition of AGM fits exceptionally well with UMI’s growth strategy by significantly enhancing our dispersion and application capabilities for advanced paints and coatings. Moreover, it will provide UMI with an important European footprint for strengthening our growth potential,” said John van Leeuwen, CEO of Universal Matter.
AGM’s market leading product technologies have been designed to deliver next generation performance requirements for protective industrial coatings and other applications. This includes graphene dispersion technologies, application and formulating know-how, and compelling test results to support market adoption in coatings, composites and beyond.
In addition, AGM’s dispersion solutions are easy and safe to use in industrial settings and have appropriate regulatory approvals for volume deployment. AGM’s platform dispersion technology will be further leveraged to enable the deployment of graphene materials into many of the strategic market segments that UMI is pursuing.
AGM’s (UM UK) strong pipeline of ongoing customer engagements for evaluating its products and technologies will significantly accelerate UMI’s overall product/market adoption strategies. The combined capabilities will provide an outstanding opportunity for accelerating the growth of novel graphene-based solutions by utilizing UMI’s proprietary graphene capabilities and AGM’s dispersion platform technologies.
Source: Applied Graphene Materials