# HeiQ acquires Life Material Technologies Limited for up to $9.25 million

HeiQ Plc acquired 100% of Life Material Technologies Limited, Hong Kong, for an upfront consideration of US$6.45 million (US$2.55 million cash and US$3.9 million in shares), with additional earn-out of up to US$2.8 million. The acquisition strengthens HeiQ's antimicrobial technologies platform.

- Type: Acquisition
- Announced: 2021-06-15
- Where: Hong Kong SAR China
- Value: $6.45M
- Status: announced
- Products: bio-based antimicrobial additives and treatments for plastics, coatings, textiles, ceramics, paper
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [HeiQ Plc](https://endata.com/companies/55818.md) (acquirer)
- [Life Material Technologies Limited](https://endata.com/companies/55819.md) (target)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/heiq--heiq.ampx/acquisition-life-material-technologies-limited/6700806), 2021-06-15: "The Acquisition is made in line with HeiQ's strategy to increase its presence in the bio-based antimicrobial & healthcare surface hygiene market."

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