Universal Matter completes acquisition of Applied Graphene Materials

Universal Matter UK Limited (UM UK), a wholly owned subsidiary of Universal Matter Inc., has acquired all shares of Applied Graphene Materials UK Limited (AGM UK) and Applied Graphene Materials LLC (AGM US), the main operating subsidiaries of Applied Graphene Materials plc effective March 28, 2023, for a total consideration of US$1.3M.

The sale and purchase agreements relating to this transaction were signed on February 21, 2023, and UK NSI Act approval was received on March 24, 2023.

The combined capabilities enabled by this acquisition will provide an opportunity for accelerating the growth of novel graphene-based solutions by utilising UMI’s proprietary graphene capabilities and AGM’s (UM UK) dispersion platform technologies.

This combination will also help create a compelling value proposition for many industries by further capitalising on UMI’s unique FJH process for upcycling carbon waste into high-performance, sustainable graphene solutions.