Munich-based chemical company Wacker Chemie has acquired a 25% stake in Nexeon, a UK company that develops, produces and sells silicon-based anode materials that can enhance the performance of lithium-ion batteries.

Wacker has conducted research in this area since 2010 and cooperated with Nexeon previously in 2013. The companies have agreed not to disclose the purchase price.

“Today’s agreement is a key step in strengthening our activities in silicon-based anode materials for next-generation batteries by putting them on an even broader base,” said Wacker Executive Board member Christian Hartel. “ Wacker is ideally positioned to develop and produce these innovative materials, given our decades of in-depth expertise in silicon chemistry.”

Source: WACKER