Key facts
- FGR enters binding agreement to acquire MITO Material Solutions assets.
- Acquisition includes assets, intellectual property, product lines, and manufacturing capabilities.
- MITO Material Solutions is based in the USA.
- Acquisition expands FGR's product portfolio into functionalised graphene technologies.
- Acquisition expected to accelerate FGR's expansion in the USA defence sector.
First Graphene Limited (FGR) has announced it is entering into a binding agreement to acquire all assets, intellectual property, product lines, and manufacturing capabilities of MITO Material Solutions, Inc. This strategic move is set to expand FGR's product offerings into the realm of high-value functionalised graphene technologies. MITO Material Solutions is based in the United States. The acquisition is expected to accelerate FGR's expansion in the USA defence sector.