BASF buys catalysis R&D firm hte

03 April 2008 13:55  [Source: ICIS news]

LONDON (ICIS news)--BASF has acquired a majority stake in catalyst research and development firm hte for an undisclosed sum, the German chemicals producer said on Thursday.

Based in Heidelberg, Germany, hte provides technology and services to enhance R&D productivity in catalysis, material science and formulations.

BASF has held a 13% stake in the company since 2003 through its subsidiary BASF Venture Capital. The deal takes its ownership to 75% plus one share.


By: Mark Watts
+44 20 8652 3214



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