M&A Deal Summary

Meta Materials Acquires Plasma App

On April 4, 2022, Meta Materials acquired information technology company Plasma App for 20M USD

Acquisition Highlights
  • This is Meta Materials’ 1st transaction in the Information Technology sector.
  • This is Meta Materials’ 2nd largest (disclosed) transaction.
  • This is Meta Materials’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-04-04
Target Plasma App
Sector Information Technology
Buyer(s) Meta Materials
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Plasma App

Didcot, United Kingdom
Plasma App is the developer of PLASMAfusion, a first-of-its-kind, proprietary manufacturing platform technology, which enables high-speed coating of any solid material on any type of substrate.

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Buyer(S) 1

Buyer

Meta Materials

Dartmouth, Nova Scotia, Canada

Category Company
Founded 2011
Sector Technology Hardware
Employees103
Revenue 8M USD (2023)
DESCRIPTION

Meta Materials is a smart materials and photonics company specializing in metamaterial research, nanofabrication, and computational electromagnetics. MTI's pioneering technology platform enables us to manipulate light for a variety of outcomes. Meta Materials was incorporated in 2011 and is based in Dartmouth, Nova Scotia.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Nanotech

Burnaby, British Columbia, Canada

Nanotech specializes in designing, originating, recombining, and mass-producing nanotechnology-based films with an application for a wide variety of products and markets. The company's customizable patented nano-optics include visual authentication technology with a unique combination of multiple colours, 3D depth and omni-directional movement. The visually engaging overt and covert security features are near impossible to reproduce and protect Government documents, banknotes, and other customer assets while delivering a memorable visual experience. Nanotech was formed in 1984 and is headquartered in Burnaby, Canada.

Buy CA$91M