05 Mar '12, 1pm

BASF to Acquire Merck's Electrolytes #CSR

LUDWIGSHAFEN, Germany, Mar. 02 /CSRwire/ - BASF will acquire the electrolytes business for high-performance batteries from German Chemical and Pharmaceutical Company Merck. The companies have agreed not to disclose financial details of the transaction. Another step in purposeful and swift expansion of electrolytes portfolio for high-performance batteries Expertise enhanced for automotive and battery manufacturers in Europe The acquisition comprises the technologies and products for enhancing battery performance that Merck has developed, patented and brought to market. These include the complete line of finished electrolyte formulations which are marketed under the Selectilyte® brand. Also included is a variety of additives for electrolytes used to produce lithium ion batteries (LIBs). The transaction also covers Merck’s research portfolio with respect to novel electrolytes...

Full article: http://www.csrwire.com/press_releases/33838-BASF-to-Acqui...

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