Merck acquires M Chemicals from Mecaro for €110m

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Merck, an American multinational science and technology company, has acquired , a chemical business of -based Mecaro, for up to €110 million.

The transaction value constitutes an upfront cash payment of €75 million and payments of up to €35 million on achieving certain milestones.

The forms part of the “Level Up” growth program of ‘s electronics business sector with over €3 billion investments from 2021 through 2025 in innovation and capacities.

The transaction aligns with a key segment of Merck’s semiconductor solutions portfolio and expands both its regional and global capabilities.

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The acquisition is anticipated to further drive innovation in one of Merck’s “Big 3” growth engines, semiconductor solutions.

M Chemicals, which was recently incorporated by Mecaro to operate its chemical business, develops and manufactures precursors used in thin film deposition.

Merck acquires M Chemicals from Mecaro for €110m

Merck acquires M Chemicals from Mecaro for €110m. Photo courtesy of Merck KGaA.

Surésh Rajaraman — Merck Senior Vice President and Thin Film Solutions Business Field Head said: “We’re delighted to announce our recent closing of the acquisition and continue expanding our regional capabilities in Korea, as well as our overall global capacity.

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“The acquisition of M Chemicals Inc. is another milestone in the expansion of our Electronics business and in particular Semiconductor Solutions, one of our “Big 3” growth engines, through targeted smaller to medium-sized acquisitions with high impact.”

Merck will acquire nearly 100 new employees and production and R&D facility in Korea as part of the acquisition.

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In August 2022, Merck announced an agreement with Mecaro to acquire M Chemicals.

Founded in 1668, Merck is a specialist in electronics, life science, and healthcare sectors.

Mecaro manufactures heater blocks and chemical precursors for semiconductors and markets its products throughout South Korea.


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