Indian carbon solutions provider Birla Carbon has completed the acquisition of Nanocyl SA, a supplier of multi-wall carbon nanotubes (MWCNT’s) based in Sambreville, Belgium. Terms were not disclosed.
The acquisition expands Birla Carbon’s presence in the energy systems market, especially in material critical to lithium ion battery performance along with other conductive applications.
Speaking about the acquisition, Dr. Santrupt Misra, Group Director, Birla Carbon said, “Birla Carbon has been nurturing a number of innovation opportunities in its effort to realize its multi-prong sustainability agenda. The acquisition of Nanocyl is a clear step towards executing its strategy in that direction. We hope that this partnership will enable Birla Carbon to be a significant player in the emerging energy systems space.”
Sharing his thoughts on the acquisition, John Loudermilk, President/CEO, Birla Carbon, said, “We are thrilled to welcome Nanocyl into the Birla Carbon family. Laurent and his experienced team have been pioneers in the field of carbon nanotubes that provide unique performance characteristics for a wide range of applications, most notably energy systems such as lithium-ion batteries.” He further shared,
“Birla Carbon’s commitment to driving growth through innovation in sustainability aligns well with the potential for MWCNTs to enable the electrification of the transportation industry, deliver enormous environmental benefits, and prevent climate change. We are committed to partnering with our growing family of customers to create unprecedented value with the expanded carbon portfolio of products and technologies.”
Laurent Kosbach, CEO, Nanocyl, stated, “We are proud of our journey to develop and commercialise MWCNT’s successfully over the past 20 years as an entrepreneurial start-up, with the support of our current partners and investors. However, with growing needs for our products, the time has come to join a global industry leader in order to maximize the synergies and the potential of these materials across many end uses.”
Along with the Conductex family of conductive carbon black additives and active anode materials, the inclusion of Nanocyl’s advanced MWCNTs provides Birla Carbon with a remarkable range of solutions for conductive applications.