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Linde Hydraulics is investing EUR 50 million in 50 projects across its German sites, including its Aschaffenburg main plant, the Ballenstedt valve factory and the AB-GUSStech foundry. The programme is to be completed by 2025.
FISCHER Spindle Group agreed a global cooperation between its FISCHER Fuel Cell Compressor AG unit and Weichai Power to pursue global technology leadership in turbo compressors for fuel cells. The deal was advised by Oaklins.
Weichai Power, through Weichai Power (Luxembourg) Holding, acquired a 49% stake in Switzerland's Fischer Fuel Cell Compressor AG and set up a joint venture in China with it. The transaction was advised by Niederer Kraft Frey.
Weichai Power, through its Luxembourg subsidiary, acquired 49 per cent of Swiss firm Fischer Fuel Cell Compressor AG and set up a joint venture in China in which both will hold shares. The deal was announced on 25 March 2021.
Weichai Power's subsidiary Weichai HK acquired 46.1 million common shares, about 19.9% of Ballard Power Systems, in exchange for an equity investment of about US$163.6 million, a China joint venture, and a $90 million technology transfer program.
