On October 11, Birla Carbon announced it had completed the acquisition of Nanocyl SA, a leader in multi-wall carbon nanotubes (MWCNT’s) based in Sambreville, Belgium. The acquisition expands Birla Carbon’s presence in the energy systems space, particularly lithium ion batteries and other conductive applications.
Dr. Santrupt Misra, Group Director, Birla Carbon; Director, Chemicals & Director, Group H.R., Aditya Birla Group, said in a press release, “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."
Laurent Kosbach, Chief Executive Officer, Nanocyl, stated, “We are proud of our journey to develop and commercialize 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.”