Ionic Industries acquires Imagine Intelligent Materials
Ionic Industries has announced the conclusion of a takeover of Imagine Intelligent Materials, including plant and equipment, IP and commercial relationships.
With this acquisition, Ionic intends to become a major Australian graphene player, with a portfolio of advanced nano-technologies covering energy storage and sensing applications. Ionic has paid approximately AUD$600k (around USD$434,000) cash and 30 million Ionic shares.