First Graphene Expands in USA with MITO Acquisition

First Graphene Limited has announced its acquisition of MITO® Material Solutions. This strategic move, involving all of MITO's assets, intellectual property, and manufacturing capabilities, enhances First Graphene's presence in the USA. The acquisition significantly expands its product portfolio into high-value graphene technologies and strengthens its exposure to the US defence and aerospace sectors.

With more than 25 clients in advanced testing stages, this acquisition promises immediate revenue and growth potential. It establishes a direct-to-market commercial platform in the USA, enhancing access to one of the largest advanced materials markets globally. First Graphene now offers one of the broadest graphene product portfolios worldwide by combining MITO's expertise with its existing technologies.

MITO's graphene products are already used by premium brands like Parlor Skis and St. Croix Rods to enhance performance. The acquisition aligns with the increased focus on lightweight and high-performance materials in the US defence and aerospace industries, presenting substantial opportunities for growth.