# UPM acquires Ray Technology IP from Avantium

UPM has acquired the Ray Technology® intellectual property from Avantium, broadening its bio-based glycols IP portfolio. The acquisition supports UPM's scaling of bio-based chemicals production at its Leuna biorefinery in Germany.

- Type: Acquisition
- Announced: 2026-05-19
- Where: Leuna, Germany
- Status: announced
- Products: bio-based glycols, Ray Technology
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [UPM](https://endata.com/companies/5469.md) (acquirer)
- [Avantium](https://endata.com/companies/7773.md) (target)

## Sources

- [globalpapermoney.org](https://globalpapermoney.org/upm-acquires-ray-technology-intellectual-property-from-avantium-broadening-its-bio-based-glycols-ip-portfolio-cms-20407), 2026-05-19: "This acquisition is a focused step that strategically expands the scope of our IP portfolio in bio-based glycols and strengthens our freedom to operate as we scale the industrial production of renewable chemicals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.