A group of companies aims to acquire Perpetuus Carbon, the UK may block the deal

A bunch of corporations, led by Taurus Worldwide Ltd, has introduced a deliberate acquisition (formally a merger) of UK-based graphene-developer Perpetuus Carbon Technologies.

No monetary particulars have been introduced, however the UK’s Secretary of State issued a public curiosity intervention discover to intervene within the proposed transaction – citing nationwide safety considerations. The UK’s Competitors and Markets Authority (CMA) will put together a report on the proposed transaction, by 7 February 2022. We should not have many particulars on this but. That is an attention-grabbing growth, and it is not clear why the UK is worried with this deal. It may very well be that Perpetuus is concerned with UK protection initiatives, and it may very well be the the UK is worried about any acquisitions within the native graphene business.

Perpetuus entered the graphene market in 2014 has been quiet for a few years. The corporate has been concerned with graphene inks (which is sells in collaboration with the Heraeus Group) and can be actively creating and supplying graphene supplies for tire makers. In 2018 it announced successful trials of graphene-enhanced tires – with a median enhance of 40% in put on resistance. In 2019 it announced a long-term supply agreement with Vittoria Tires.

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