The advanced engineering materials group will acquire 85% of Manchester University's graphene company.
UK-based Versarien has entered an agreement to acquire 85% of the issued share capital in 2-DTech, a graphene company wholly owned by Manchester University. The acquisition is worth £440,000 ($742,000) and will be settled by a mix of cash and new ordinary shares. At the same time, Versarien announced it intends itself on raising £5.5m through the placing of these new ordinary shares at £0.26 ($0.43) each.
2D-Tech specialises in the supply, characterisation and early stage development of graphene products.…
