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Wolf Theiss Advises Arkema on Majority Stake Acquisition in Proionic

Wolf Theiss Advises Arkema on Majority Stake Acquisition in Proionic

Austria
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Wolf Theiss has advised the Arkema Group on its acquisition of a nearly 78% stake in ionic liquid start-up Proionic.

Financial details were not disclosed.

Proionic was founded in 2004 by Roland Kalb in Graz, Austria, and is active in the field of ionic liquids, with innovative and competitive proprietary technologies for both their synthesis and recycling. Ionic liquids are components for the next generation of lithium-ion batteries.

The Arkema Group offers a range of materials that improve the performance of today’s batteries, particularly in terms of energy density, safety, temperature resistance, and cooling system performance.

According to Wolf Theiss, "with this acquisition, Arkema is preparing for the next technological developments and consolidating its position as a key player in supporting its customers in the battery ecosystem, regardless of the technologies involved. Proionic will benefit from significant technological and commercial synergies with Arkema, which will enable it to greatly accelerate its development in the coming years."

The Wolf Theiss team was led by Partner Florian Kusznier and Senior Associate Martina Edlinger and included Partners Stefan Wartinger and Matthias Unterrieder, Counsel Stefan Horn, Consultant Karin Spindler-Simader, Senior Associates Philip Wrabetz, Anna Schwamberger, and Georg Knafl, and Associates Klemens Kendler, Sophie Weber, Teresa Atzelsdorfer, Pascal Gstoettner, Dorothea Arlt, Dominik Mayrhofer, and Julia Moser.