Masan High-Tech Materials-backed HC Starck to acquire Nyobolt for $62m.

Masan High-Tech Materials-backed HC Starck, a metal processing company, agreed to acquire Nyobolt, a battery technologies provider, for $62m. "This investment marks a milestone in our strategy to move further downstream, and get closer to consumers by developing new, innovative applications including our recently trademarked "starck2charge" battery materials product range. Nyobolt's technology is a real breakthrough that we can help commercialize based on our vast experience in transferring innovative solutions into large-scale manufacturing. This partnership is also going to accelerate the development towards a circular economy for batteries via enhanced recycling and new models of use," Hady Seyeda, HC Starck CEO.