Merck KGaA completed the $62 million acquisition of advanced materials company Intermolecular Inc.
As part of the transaction, 90 employees at Intermolecular's San Jose, Calif.-based research and development site will become part of the performance materials business sector of Merck.
Darmstadt, Germany-based Merck acquired Intermolecular for $1.20 per share through its unit EMD Group Holding II Inc.
