British Business Secretary orders national security review of potential acquisition of Welsh graphene maker Perpetuus Group
The British government has ordered a national security review into the takeover of Swansea-based graphene maker Perpetuus Group.
British Business Secretary Kwasi Kwarteng ordered the UK competition watchdog, the Competition and Markets Authority (CMA) to complete a national security review into the takeover of Perpetuus Group by either Taurus International or Dr Zhongfu Zhou, or any enterprise associated with him or the company.
It comes as the British government has made a number of recent interventions in the tech space to examine acquisitions of British entities by foreign organisations.
Graphene has been described as a wonder-material, and is the thinnest and lightest known supermaterial.
Essentially, Graphene is a sheet-like, two-dimensional material with a thickness of one carbon…