Versarien has purchased an 85% stake in Cambridge Graphene for $210,000 in stock and cash.
Cambridge Graphene, a graphene ink developer spun out of Cambridge University, was acquired by advanced materials company Versarien yesterday for a total of £170,000 ($210,000).
Versarien paid £25,000 in cash, with the remainder in the form of 1.45 million new ordinary shares for an 85% majority stake.
Cambridge Enterprise and the company’s management will retain a 15% minority stake, though it has not been disclosed how many shares each will hold following the transaction.
Cambridge Graphene produces a range of graphene inks, in formulations that can be manufactured to accommodate different printing methods and substrates. All inks are non-toxic, environmentally friendly and aqueous.
The spinout is based on research conducted at the university’s Cambridge Graphene Centre.
The technology will complement that of Versarien’s existing subsidiary 2-DTech, which specialises in the supply, characterisation and early stage development of graphene products. Versarien acquired the Manchester University spinout for £440,000 in 2014.
