Adisyn Ltd (ASX:AI1) Completes Due Diligence for 2D Generation Acquisition
Acquisition Overview
Adisyn Ltd (ASX: AI1) has successfully completed formal due diligence to acquire 100% of 2D Generation Ltd’s semiconductor IP business. The acquisition aims to significantly bolster Adisyn’s capabilities in advanced semiconductor technology, particularly suited for the growing demands of generative AI and large data centres.
Shareholder Approval and Next Steps
A shareholder meeting is scheduled for 19 December 2024, where approval for the acquisition is anticipated. 2D Generation’s shareholders have unanimously approved the deal. The company expects to finalize settlement during the first week of January 2025, with all issued securities being escrowed for six months post-settlement.
Technological Advancements
2D Generation has developed groundbreaking technology that enables graphene coating at sub-300 degrees Celsius. This innovation is critical for creating semiconductors with lower power consumption, reduced heat, and enhanced computational power. This technology addresses current limitations in semiconductor manufacturing and is expected to transform the industry.
Executive Insights
Blake Burton, Managing Director of Adisyn, commented, “We are pleased to have completed a very thorough due diligence process. This provides us with confidence in 2DG’s technological, financial, and legal position. We have no doubt that working together on developing cutting-edge semiconductor IP will create a huge opportunity for us.”
Arye Kohavi, Chairman and CEO of 2D Generation, stated, “The transaction is an exciting evolution for 2D Generation. We are looking forward to receiving the highly specialised Atomic Layer Deposition (ALD) machine from Beneq while continuing to develop our processes using our current ALD machine.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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