Changzhou Sixth Element Materials Technology Co., Ltd. has acquired Wuxi GeFei Electronic Film Technology Co., Ltd. in a 50 million yuan deal, aimed at strengthening their position in the burgeoning graphene industry.

Information on the Target

Wuxi GeFei Electronic Film Technology Co., Ltd. is a prominent company in the field of graphene technology, which has drawn significant attention for its innovative applications. Recently, the company was acquired by Changzhou Sixth Element Materials Technology Co., Ltd. through a capital increase on the New Third Board, amounting to 50 million yuan. Both companies are actively engaged in the graphene industry, which is rapidly evolving due to the material's exceptional properties.

Graphene, a unique form of carbon, is at the forefront of a global industrial revolution, anticipated to impact various applications including composite materials, touch screens, electronic devices, energy storage batteries, displays, sensors, semiconductors, aerospace, military, and biomedicine. Since its discovery in 2004, graphene has become a focal point for governments, research institutions, and multinational corporations worldwide, all investing heavily in its development.

Industry Overview in China

China's emphasis on the development of graphene technology has reached unprecedented levels, particularly with the “12th Five-Year Plan” which explicitly supports the acti