The German giant Merck joined the growing number of multinationals with Israeli Research & Development centers by purchasing Jerusalem’s Qlight Nanotech. Qlight’s innovative nanocrystal technology is ideal for low energy LCD screens and LED lighting. Merck’s other Israeli ventures include biotech Serono which has developed Rebif (MS) and Erbitux (cancer) treatments.

http://www.globes.co.il/en/article-merck-buys-remaining-stake-in-qlight-nanotech-1001048713

http://in.reuters.com/article/2015/06/29/merck-israel-idINL5N0ZF3GF20150629