Universal Display Corp. has acquired the OLED IP assets of BASF SE. These include more than 500 issued and pending patents worldwide, in 86 patent families. The purchase price is approximately €87 million. The deal was executed through UDC Ireland Ltd.
BASF’s OLED portfolio largely consists of phosphorescent materials and technologies, much like UDC’s UniveralPHOLED. Steven Abramson, CEO of UDC, said that he believes that the acquisition will help to further the company’s efforts to delivering an all-phosphorescent emissive stack, especially in the development of commercial blue emissive systems.