# Plug Power acquires Joule Processing for up to $160 million

Plug Power acquired Joule Processing LLC, an engineered cryogenic process equipment provider, for a total consideration of up to $160 million, including $30 million upfront. The technology is to be used in hydrogen liquefaction plants.

- Type: Acquisition
- Announced: 2022-01-01
- Where: United States
- Value: $160.0M
- Status: completed
- Products: hydrogen liquefaction process equipment, cryogenic process technology
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Plug Power](https://endata.com/companies/7809.md) (acquirer)
- [Joule Processing LLC](https://endata.com/companies/8935.md) (target)

## Sources

- [jouleprocess.com](https://www.jouleprocess.com/news/plug-power-acquires-joule-processing-enters-strategic-collaboration-with-atlas-copco-gas-and-process-and-fives-to-expand-offerings-for-global-hydrogen-liquefaction-market), 2022-02-21: "Plug Power purchased Joule for a total consideration of up to $160 million, with $30 million upfront."

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