CHRISTMAS OFFER Subscribe to Cotswold Life today CLICK HERE

Versarian buys Graphene company 2-DTech Limited

PUBLISHED: 17:43 14 April 2014 | UPDATED: 17:43 14 April 2014

Advanced engineering materials group, Versarien plc, based in the Forest of Dean, has bought the majority of shares in 2-DTech from The University of Manchester. 2-DTech specialises in the supply, characterisation and early stage development of graphene products.

The Company has raised £5,500,000 (before expenses) through the placing of 21,153,847 new Ordinary Shares at 26 pence per share.

2-DTech is a graphene company wholly owned by The University of Manchester, where graphene was first isolated by Nobel Prize winners Professor Sir Andre Geim and Professor Sir Kostya Novoselov, who now head the University’s world-leading Condensed Matter Research Group (CMRG). 2-DTech has the ability to produce graphene by using either a chemical vapour deposition process in suspension or a ‘milling’ process, which is in development.

The Directors believe the Acquisition represents an excellent opportunity for Versarien. The 2-DTech technology will enable a significant enhancement of the Versarien product range, building upon the Company’s experience in manufacturing for the technology sector and enabling the company to apply its experience and expertise to commercialising the considerable market opportunities for graphene in the UK.

Neill Ricketts, CEO of Versarien plc, said: “The acquisition of 2-DTech coupled with the planned collaboration agreements with The University of Manchester, the established home of graphene marks a significant opportunity for Versarien to progress its product range with highly complementary technologies.

“Versarien is already manufacturing over 37 tonnes per year of complex powder at its Total Carbide plant and combining this know-how with 2-DTech’s expertise, research facilities, and rights to intellectual property makes the early commercialisation of graphene related products far more likely in the near term on an industrial scale.”


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Most Read

Latest from the Cotswold Life