UDC acquires Adesis, a private organic-synthesis contract research house

Universal Display announced that it is going to acquire Adesis, Inc - a privately held contract research organization with 43 employees specializing in organic and organometallic synthetic R&D and commercialization. UDC will pay $36 million in cash for Adesis.

Adesis has worked with UDC over the last few years, to help advance and accelerate a number of UDC's product offerings.

As of March 31 2016, UDC had $395.7 million in cash, it should not have any problems financing this acquisition...

Disclosure: the author of this post holds some shares in Universal Display

Posted: Jun 24,2016 by Ron Mertens