Arkema announces that it has finalized the acquisition of Glenwood Private Equity's 54% stake in PI Advanced Materials (PIAM), thereby completing its portfolio of technologies for the advanced electronics and electric mobility markets.

With a market share of over 30%, PIAM, based in South Korea, is the world leader in polyimide films for the high-growth, high-value-added markets of mobile telephony devices and electric vehicles", says the chemical company.

This acquisition, for an enterprise value of 728 million euros, will enable PIAM to be consolidated at 100% in Arkema's accounts. It is expected to generate EBITDA synergies estimated at 30 million euros over the next five years.

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