BASF Buys Merck KGaA's Battery Electrolyte Business (update)
4:09 AM MST | February 21, 2012 | Alex Scott
BASF has agreed terms to acquire Merck KGaA’s (Darmstadt, Germany) battery electrolytes business. BASF says the purchase price is in the "low double-digit millions" of Euros. Merck says the business was at an early stage of commercialization. The acquisition follows BASF’s purchase in January of an equity stake in lithium-sulfur (Li-S) battery developer Scion Power (Tucson, AZ) for $50 million. Electrolytes are complex formulations that ensure the transport of electric charge inside the battery. High-quality electrolytes can...
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