M&A Deal Summary

EV Metals Group Acquires Johnson Matthey - Battery Materials Business

On May 26, 2022, EV Metals Group acquired chemicals company Johnson Matthey - Battery Materials Business from Johnson Matthey for 50M GBP

Acquisition Highlights
  • This is EV Metals Group’s 1st transaction in the Chemicals sector.
  • This is EV Metals Group’s largest (disclosed) transaction.
  • This is EV Metals Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-05-26
Target Johnson Matthey - Battery Materials Business
Sector Chemicals
Buyer(s) EV Metals Group
Sellers(s) Johnson Matthey
Deal Type Divestiture
Deal Value 50M GBP

Target

Johnson Matthey - Battery Materials Business

London, United Kingdom
Johnson Matthey's Battery Materials Business provides battery chemicals services.

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Buyer(S) 1

Buyer

EV Metals Group

Perth, Australia
Category Company
Sector Chemicals
DESCRIPTION

EV Metals Group is a battery chemicals and technology business, based in Perth, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Johnson Matthey

London, United Kingdom
Category Company
Founded 1817
Sector Chemicals
Employees11,685
Revenue 12.8B GBP (2024)
DESCRIPTION

Johnson Matthey is a specialty chemicals company underpinned by science, technology and our people. A leader in sustainable technologies, many of our products enhance the quality of life for millions worldwide. Johnson Matthey was founded in 1817 and is based in London, England.

DEAL STATS #
Overall 7 of 10
Sector (Chemicals) 4 of 5
Type (Divestiture) 7 of 10
Country (United Kingdom) 4 of 5
Year (2022) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Veranova

Wayne, Pennsylvania, United States

Veranova is a developer and manufacturer of specialist and complex active pharmaceutical ingredients for pharma and biotech companies. Veranova was founded in 1970 and is based in Wayne, Pennsylvania.

Sell £325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Tracerco

Billingham, United Kingdom

Tracerco is a global technology company providing unique and specialized detection, diagnostic, and measurement solutions and services to the global oil & gas, refining, petrochemical, and radiation assurance markets. The company's innovative technologies are used to measure, characterize and control process systems and diagnose operational problems for its customers in all aspects of oil and gas production – from reservoir management and refining to retail outlets for consumer fuel products. Tracerco was formed in 1958 and is based in Billingham, United Kingdom.

Sell -
Mergr

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