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Luxembourg/Germany: $2.6B chemical buyout planned for Merck KGaA

 |  December 5, 2013

Germany-based chemicals firm Merck KGaA announced a deal to spend $2.6 billion for Luxembourg-based AX Electronic Materials in a move slated to boost the German firm’s specialty chemicals and electronics operations.

According to reports, the buyout will lead to boosted manufacturing in liquid crystals used for flat screen monitors, among other products used within the graphic arts sector.

Despite the buyout, more than half of Merck’s revenue will come from its pharmaceutical business.

Full Content: Bloomberg

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