The acquisition is valued at $12.5m. This is the first in a series of anticipated acquisitions under a letter of intent signed earlier this month with EQ-ip.
SNM Global will acquire a portfolio of nascent and commercial technologies and intellectual property currently valued in excess of $49m.
The newly acquired technologies and/or technology groups will be placed in the appropriate stage of the company’s MicroTechnology Transfer (mt2) Program and MicroEquity Partner Program, and will be introduced into its distribution network for emerging market insertion and introduction.
SNM Global is a technology holding and development company that invests in, acquires and develops intellectual property assets and operations in the clean/alternative energy, biotech, water, and health and living sectors.
