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New Deal


Announced

Meta Materials to acquire Nanotech for $91m.

Financials

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Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium101%
One Off Charge-

Tags

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Single Bidder

Domestic

Friendly

Majority

Pending

fiber optic products

Acquisition

protection services

Public

Security Services

Canada

Synopsis

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Meta Materials, a smart materials and photonics company, agreed to acquire Nanotech, a manufacturer and distributor of nano-optic products that have brand protection and enhancement applications, for $91m. “We are pleased to announce this transaction with META, which offers our securityholders an attractive valuation and significant premium to the recent trading price of the company’s shares. The transaction is also expected to provide Nanotech with greater access to capital to accelerate its commercialization and growth strategies. After careful consideration, the special committee and the company’s board have both unanimously concluded that the transaction is fair to Nanotech’s securityholders and is in the best interests of the company and its employees," D. Neil McDonnell, Nanotech Chair of the Board and Special Committee.

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