Agder Energi and Google are in line for exits as Nanosys agrees to purchase Lund University spinout Glō.

Glō, a Sweden-based LED lighting product developer backed by energy company Agder Energi and technology group Alphabet, has agreed to an acquisition by quantum dot light-emitting materials producer Nanosys.

Financial terms of the acquisition have not been disclosed. Nanosys will integrate Glō’s technology into its own with a view of growing its market share in TV sets, as well as entering new sectors such as augmented reality and automotive.

Spun out of Lund University in 2003, Glō has developed microLEDs…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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