BASF buys Merck’s electrolytes business

BASF buys Merck’s electrolytes business

10:41 PM, 21st February 2012
BASF buys Merck’s electrolytes business

DARMSTADT, GERMANY: Merck announced that it is selling its electrolytes business for high-performance batteries to BASF. The divestment encompasses the technologies and products for enhancing battery performance that Merck has developed, patented and in some cases brought to market. These include the complete line of finished electrolyte formulations and also include a variety of additives for electrolytes used to produce lithium-ion batteries.

“The electrolytes business, which we have built over the years, is in the early phase of its commercialization and has little in common with our other chemical activities. In addition, it only meets a fraction of the overall needs of customers who manufacture batteries,” said Dr Klaus Bofinger, Head of the Advanced Technologies unit, Merck. The transaction additionally covers Merck’s respective research portfolio regarding novel electrolytes and additives.

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