BASF To Buy Pemeas

BASF has agreed to acquire Pemeas GmbH, a Frankfurt, Germany-based supplier of fuel cell components. No financial terms were disclosed. Pemeas was founded in April 2004 as a spin-off of the former Hoechst Group's fuel cell activities, and is backed by such firms as BankInvest, CDP Capital-Technology Ventures and Conduit Ventures. www.basf.com www.pemeas.com