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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Linde takes 20% stake in ITM Power and forms joint venture · Endata

◂ Announcements

Oct 3, 2019ACQUISITIONUnited Kingdom

Linde takes 20% stake in ITM Power and forms joint venture

Linde AG agreed to acquire a 20% stake in ITM Power for £38 million as part of a £52 million fundraising. The two companies also formed a 50/50 joint venture to deliver green hydrogen to large-scale industrial projects.

Value

$47.0M (38.0M GBP)

Status

Announced

Productsgreen hydrogenelectrolysers

CompaniesITM Power Linde investor

Sectors#Power Generation Equipment

“The major strategic investment from Linde cements a five-year relationship between us and provides ITM Power with a world-leading partner.”proactiveinvestors.com

1 source
proactiveinvestors.comITM Power heads higher after Linde AG takes 20% stake | AIM:ITMJohn HarringtonOct 3, 2019

Summarized from public sources; check the original articles before acting on it.

More from ITM Power

Sep 12, 2024CONTRACTLingen, Germany
RWE commissions Sunfire and Bilfinger for third electrolysis phase of GET H2 Nukleus in Lingen
Linde Engineering supplier Bilfinger supplier georesources.net
Aug 18, 2021CONTRACTVillach, Austria, Austria
Linde to build green hydrogen plant for Infineon in Villach, Austria
Linde ITM Power supplier h2bulletin.com
Jan 28, 2021NEW FACILITYSheffield, UK, United Kingdomops 28 Jan 2021
ITM Power moves into 1GW electrolyser gigafactory in Sheffield, UK
ITM Power gasworld.com
Oct 23, 2019PARTNERSHIPGuildford, United Kingdom
Linde and ITM Power form joint venture for PEM electrolysis projects
Linde partner ITM Power partner linde.com
Oct 23, 2019ACQUISITIONGuildford, United Kingdom
Linde acquires minority stake in ITM Power, UK electrolyzer maker
Linde Linde acquirer linde.com linde-engineering.com
Oct 3, 2019INVESTMENTUnited Kingdom$47.0M
Linde makes £38M strategic investment in ITM Power
ITM Power Linde investor itm-power.com

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