09 March 2010 10:02 [Source: ICIS news]
SINGAPORE (ICIS news)--Bayer MaterialScience (BMS) has acquired US-based Artificial Muscle Inc. (AMI), a producer of electroactive polymers for the consumer and electronics industry, the German plastics major said on Tuesday.
"This acquisition allows us to combine AMI’s excellent technology with our existing expertise and gives us a leading position in electroactive polymers in materials and in their use in numerous applications," said Patrick Thomas, CEO of BMS.
AMI designs and manufactures actuators and sensing components used in touchscreen panels that would provide "tactile feedback" in consumer electronics, BMS said in a statement.
BMS expects to “accelerate the introduction of this technology into the market within the next two years”, the company said.
All AMI employees would remain with the company following the acquisition, BMS added.
The value of the deal was not disclosed.
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