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Dec 13, 2021ACQUISITIONLondon, United Kingdom

Ballard Power Systems acquires Arcola Energy

Ballard Power Systems acquired 100% of British hydrogen fuel cell specialist Arcola Energy for up to USD 40 million. Arcola will be rebranded as Ballard Motive Solutions.

Value

$40.0M

Status

Completed

Productshydrogen fuel cells

CompaniesBallard Power Systems acquirer Arcola Energy target

Sectors#Automotive Components

“Ballard has acquired 100% of Arcola, which currently has around 90 employees in the UK.”truckandbusbuilder.com

1 source
truckandbusbuilder.comBallard acquires Arcola EnergyWill HallDec 13, 2021

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

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Ballard Power Systems acquires Arcola Energy · Endata