Nel ASA intends to acquire Proton Energy Systems for $70M

Nel ASA announced a non-binding term sheet to acquire Proton Energy Systems Inc. for an enterprise value of US$70 million. The deal would create the world's largest hydrogen electrolyser company.

“We are proud to announce the intention to combine Nel and Proton OnSite, creating the world's largest hydrogen electrolyser company.”bioenergyinternational.com

• 2 sources
• bioenergyinternational.comNel announces intention to acquire Proton Energy Systems | Bioenergy InternationalBioenergy InternationalFeb 27, 2017
• chemengonline.comProton OnSite acquired by Nel ASA for $70 million - Chemical EngineeringMary BaileyFeb 28, 2017

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