Merck acquired the OLED patent portfolio for display applications from Konica Minolta Inc. The acquired portfolio comprises over 700 patent families.
For more than 15 years, Merck has conducted research and development in the OLED technology field and is one of the leading OLED material suppliers. The company hopes to further boost their OLED development pipeline by adding Konica Minolta’s patents to their portfolio.
The acquisition is effective immediately. Financial terms were not disclosed.