# 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.

- Type: Acquisition
- Announced: 2024-08-26
- Where: Helsinki, Finland, Finland
- Value: $80.0M (72.0M EUR)
- Status: completed
- Products: solid oxide fuel cells, solid oxide electrolysis cells
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [HD Korea Shipbuilding & Offshore Engineering](https://endata.com/companies/79393.md) (acquirer)
- [Convion](https://endata.com/companies/79394.md) (target)

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=223711), 2024-08-26: "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."

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