# Plug Power to acquire Frames Group to expand electrolyzer systems integration in Europe

Plug Power signed a definitive agreement to acquire Frames Group, a Netherlands-headquartered turnkey systems integrator with about 300 employees, on November 9, 2021. The deal supports Plug's goal of 3 GW installed electrolyzer capacity by 2025.

- Type: Acquisition
- Announced: 2021-11-09
- Where: Netherlands, Netherlands
- Status: announced
- Capacity: 3 GW installed electrolyzer capacity goal by 2025
- Products: electrolyzers, processing equipment, separation technologies, flow control systems, safeguarding systems
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Plug Power](https://endata.com/companies/7809.md) (acquirer)
- [Frames Group](https://endata.com/companies/8575.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/fr/news-release/2021/11/09/2330830/0/en/plug-power-acquires-frames-group-to-boost-engineering-process-and-systems-integration-capabilities.html), 2021-11-09: "Plug Power Inc. signed a definitive agreement to acquire Frames Group, a leader in turnkey systems integration for the energy sector."

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