“The acquisition of Qlight Nanotech perfectly fits into our innovation strategy. We have set the basic platforms for growth in our three business sectors to grow organically and driven by innovation,” said Karl-Ludwig Kley, CEO and chairman of the Executive Board of Merck KGaA.
By exploiting new technologies, Merck KGaA, aims to strengthen its leadership in liquid crystal display materials and growing presence in OLED materials. Qlight Nanotech’s novel nanocrystals help to improve color impression and energy efficiency of modern displays.
Qlight Nanotech was founded in 2009. Merck KGaA invested into Qlight Nanotech in two steps in 2012 and 2013. Qlight Nanotech will remain the quantum materials research hub for the Performance Materials business sector of Merck KGaA.
“There are clear synergies for Qlight’s quantum materials with the dominant position of Merck KGaA in the display market,” Professor Uri Banin, the scientific founder of Qlight Nanotech, added. “This is a landmark opportunity for Qlight Nanotech – solidifying its activity in Jerusalem, while benefitting from close interaction with our research group, and the Hebrew University Center for Nanoscience and Nanotechnology.”