# Loop Energy and H2 Portable announce merger to create hydrogen equipment company

Loop Energy Inc. and H2 Portable Power Corp Inc. have entered into an amalgamation agreement dated February 9, 2024, for a three-cornered amalgamation. The transaction includes a concurrent $15 million private placement to fund commercialization.

- Type: Acquisition
- Announced: 2024-02-12
- Where: Vancouver, British Columbia, Canada
- Value: $15.0M
- Status: announced
- Products: hydrogen fuel cells, hydrogen-enabled industrial equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Loop Energy](https://endata.com/companies/42458.md) (acquirer)
- [H2 Portable Power](https://endata.com/companies/75591.md) (target)

## Sources

- [loopenergy.com](https://loopenergy.com/news/loop-energy-and-h2-portable-announce-merger/), 2024-02-12: "The Transaction between Loop and H2P provides an unmatched platform to deliver hydrogen-enabled equipment across H2P and Loop’s existing and prospective customer bases."

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