Directa Plus PLC (LON:DCTA) has completed the €4.1mln purchase of a 51% stake in Setcar, the Romanian waste management and decontamination services business.
In a brief statement, the graphene products specialist said the new operation will be renamed Directa Environmental Solutions.
"Setcar has been a business partner for a number of years and we are pleased that it is now part of the Directa Plus group,” said chief executive Giulio Cesareo.
“We are already working with the company to supply environmental services to the oil and gas industry. We look forward to growing the business using our next generation, graphene based Grafysorber adsorbant," he added.
Italy-based Directa Plus floated on AIM in 2016 and is a specialist at incorporating graphene into textiles, pollution treatments, road surfaces and tyres.
The "miracle material" is 200-times stronger than steel, transparent and can conduct heat and electricity.