# HD Hydrogen acquires fuel cell tech firm Convion for €72M

HD Hydrogen, a subsidiary of HD Korea Shipbuilding & Offshore Engineering, acquired Finnish fuel cell specialist Convion Oy for €72 million ($79.8 million) on August 30, 2024. The acquisition aims to secure solid oxide fuel cell and electrolyser technologies for hydrogen energy.

- Type: Acquisition
- Announced: 2024-08-30
- Where: Helsinki, Finland
- Value: $79.8M (72.0M EUR)
- Status: completed
- Products: solid oxide fuel cells, solid oxide electrolyser 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) (partner)
- [Convion](https://endata.com/companies/79394.md) (target)
- [HD Hydrogen](https://endata.com/companies/79532.md) (acquirer)

## Sources

- [seatrade-maritime.com](https://www.seatrade-maritime.com/maritime-technology/hd-hydrogen-acquires-finnish-fuel-cell-tech-firm-convion), 2024-08-30: "HD Hydrogen has acquired Finnish fuel cell specialist Convion Oy for €72m ($79.8m)."

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