BASF Acquires Novolyte Technologies
On April 26, 2012, BASF — the world's leading chemical company — announced that it had acquired Novolyte Technologies. The acquisition comprises Novolyte's Energy Storage activities focused on developing, producing and marketing performance electrolyte formulations for lithium-ion batteries, as well as its Performance Materials business, focused on providing specialty chemicals to several key market segments. Click here to learn more about the BASF acquisition.