# Nel ASA signs final agreement to acquire Proton OnSite for USD 70 million

Nel ASA signed a final share purchase agreement to acquire 100% of Proton OnSite for USD 70 million, making Nel the world's largest manufacturer of water electrolysers for hydrogen production.

- Type: Acquisition
- Announced: 2017-04-28
- Where: United States
- Value: $70.0M
- Status: announced
- Products: water electrolysers for hydrogen production
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Nel ASA](https://endata.com/companies/960.md) (acquirer)
- [Proton OnSite](https://endata.com/companies/23909.md) (target)
- [F9 Investments LLC](https://endata.com/companies/23910.md) (partner)

## Sources

- [nelhydrogen.com](https://nelhydrogen.com/press-release/nel-asa-signed-final-agreement-to-acquire-proton-onsite-extended-announcement/), 2017-04-28: "Nel has today signed a final and binding share purchase agreement with the F9 Investments LLC, the shareholder of Proton OnSite, to acquire 100% of the shares of Proton OnSite"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.