◂ Announcements

Aug 26, 2024ACQUISITIONHelsinki, Finland, Finland

HD Korea Shipbuilding acquires Finnish fuel cell firm Convion for €72 million

HD Korea Shipbuilding & Offshore Engineering acquired Finnish fuel cell company Convion for approximately €72 million. Convion specializes in solid oxide fuel cells and electrolysis cells.

Value

$80.0M (72.0M EUR)

Status

Completed

Productssolid oxide fuel cellssolid oxide electrolysis cells

CompaniesHD Korea Shipbuilding & Offshore Engineering acquirer Convion target

Sectors#Power Generation Equipment

“HD Korea Shipbuilding & Offshore Engineering has made a significant move in the clean energy sector by acquiring Finnish fuel cell company Convion for approximately €72 million.”businesskorea.co.kr

1 source
businesskorea.co.krHD Korea Shipbuilding Acquires Finnish Fuel Cell Firm Convion for €72 Million - BusinesskoreaJung Suk-yeeAug 26, 2024

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

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