# h2e Power acquires Swiss fuel cell firm Hexis AG

h2e Power, through its German subsidiary mPower GmbH, acquired Swiss fuel cell specialist Hexis AG from the Viessmann Group. The deal amount was not disclosed. Plans include building large manufacturing capacity in Pune.

- Type: Acquisition
- Announced: 2020-06-05
- Where: Switzerland
- Status: completed
- Products: solid oxide fuel cells, green hydrogen power generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [MPOWER](https://endata.com/companies/2762.md) (acquirer)
- [Viessmann Group](https://endata.com/companies/7887.md) (partner)
- [HEXIS Group](https://endata.com/companies/26787.md) (target)
- [h2e Power](https://endata.com/companies/47717.md) (acquirer)
- [h2e Power Systems](https://endata.com/companies/48271.md) (investor)

## Sources

- [businesstoday.in](https://www.businesstoday.in/latest/corporate/story/adar-poonawalla-backed-fuel-cell-maker-h2e-power-acquires-swiss-firm-hexis-ag-260296-2020-06-05), 2020-06-05: "Pune based Poonawalla Group backed Indian clean-tech startup h2e Power has acquired Swiss fuel cell specialist Hexis AG."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/pune-based-clean-tech-start-up-h2e-power-acquires-swiss-fuel-cell-specialist-hexis-ag/article31760592.ece), 2020-06-05: "In keeping with the group's commitment to climate change and clean energy, the acquisition of Hexis is an important milestone."
- [doi.org](https://doi.org/10.1016/s1464-2859(20)30310-2), 2020-07-01: "The Swiss solid oxide fuel cell company Hexis has become part of mPower GmbH, the German subsidiary of the Indian high-tech company h2e Power Systems."

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