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Merck KGaA acquires liquid crystal windows firm Peer+

3:34 AM MDT | June 30, 2014 | Deepti Ramesh

Merck KGaA says it will acquire the Dutch specialist for smart window technology, Peer+ (Eindhoven, Netherlands), on 1 July. Financial details of the deal have not been disclosed. Merck and Peer+ have been cooperating closely since 2011 to develop a market-ready product and production concept for liquid crystal windows. In 2012, the partners entered into a shareholder agreement under which Merck acquired a 70% stake in Peer+. Merck is now acquiring the remaining 30%, including about 3% from the Eindhoven University of Technology, which cofounded Peer+ in 2008...

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