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Wacker Chemie Acquires Stake In Nexeon - Quick Facts

Wacker Chemie AG (WKCMY.PK,WKCMF.PK) has acquired a stake in Nexeon, a UK headquartered battery material and licensing company. Nexeon develops, produces and sells silicon-based anode materials. Nexeon works with OEMs and battery companies to enable next generation lithium-ion batteries. It has an application engineering facility in Yokohama, Japan.

"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 Christian Hartel, responsible for R&D on WACKER's Executive Board.

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