Battery technology developer Nano One, has agreed a deal to acquire 100% of Johnson Matthey Battery Materials (JMBM) Canadian entity based in Candiac, Quebec for approximately USD8 million. JMBM Canada includes a 2,400 tonne per annum capacity LFP production facility occupying approximately one tenth of the 400,000 square foot property. The transaction is expected to complete by the end of 2022.
Meanwhile JMBM also announced the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business, for approximately USD63 million. Johnson Matthey will also receive a minority equity stake in EV Metals Group, with the deal expected to be complete in summer 2022.
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