# 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.

- Type: Acquisition
- Announced: 2019-10-03
- Where: United Kingdom
- Value: $47.0M (38.0M GBP)
- Status: announced
- Products: green hydrogen, electrolysers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ITM Power](https://endata.com/companies/5705.md)
- [Linde](https://endata.com/companies/472.md) (investor)

## Sources

- [proactiveinvestors.com](https://www.proactiveinvestors.com/companies/news/904078/itm-power-heads-higher-after-linde-ag-takes-20-stake-904078.html), 2019-10-03: "The major strategic investment from Linde cements a five-year relationship between us and provides ITM Power with a world-leading partner."

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