M&A Deal Summary

NanoXplore Acquires XG Sciences

On August 29, 2022, NanoXplore acquired chemicals company XG Sciences

Acquisition Highlights
  • This is NanoXplore’s 1st transaction in the Chemicals sector.
  • This is NanoXplore’s 1st transaction in the United States.
  • This is NanoXplore’s 1st transaction in Michigan.

M&A Deal Summary

Date 2022-08-29
Target XG Sciences
Sector Chemicals
Buyer(s) NanoXplore
Deal Type Add-on Acquisition

Target

XG Sciences

Lansing, Michigan, United States
XG Sciences specialized in the production of graphene nanoplatelets and the formulations of advanced materials that amplify product performance across diverse applications such as Lithium-ion battery anode materials, automotive, packaging, composites, concrete, and other industrial markets. While operating, it worked with leading companies such as Ford for noise reduction and light-weighting using graphene-enhanced PU foam as well as Callaway Golf Company for graphene-enhanced golf balls. XG Sciences was formed in 2006 and is based in Lansing, Michigan.

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Buyer(S) 1

Buyer

NanoXplore

Montreal, Quebec, Canada

Category Company
Founded 2011
Sector Chemicals
Employees450
Revenue 129M CAD (2024)
DESCRIPTION

NanoXplore is a graphene company that manufactures and suppliers high-volume graphene powder for use in industrial markets, as well as standard and custom graphene-enhanced plastic and composite products. NanoXplore was incorporated in 2011 and is based in Montreal, Quebec.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Sigma Industries

Beauce, Quebec, Canada

Sigma Industries, Inc. is a manufacturing company specializing in the manufacture of composite products. It operates in the markets for heavy trucks, buses, public transit, machinery and wind energy. Sigma Industries was founded in 2005 and is based in Beauce, Quebec.

Buy $19M