Merck announced today that it will acquire the Lumitec OLED R&D project of Schott AG. All 20 employees involved in the R&D project have been offered positions with Merck.
Merck expects to complete the transaction in early January 2005. The purchase includes unlimited exclusive licenses for the business-related patents and associated assets of the project. The Lumitec OLED project involves ITO coated glass substrates. The Lumitec project will be integrated into Merck's Liquid Crystal division.