Ballard Power Systems has signed an agreement to buy UK-based hydrogen power producer GeoPura Ltd., according to multiple reports. The deal is described as a strategic move by Ballard to expand its position in the hydrogen and zero-emission power market. One source says the combined transaction value is about US$400 million when accounting for cash, shares, and assumed debt, while another reports the purchase price as $515 million. The companies state that the acquisition is intended to provide Ballard with an entry point to the market for zero-emission backup power solutions. Both outlets frame the transaction as part of Ballard’s broader efforts to align its products with demand for hydrogen-powered systems that can serve as clean alternatives for backup and related power applications. The reports do not provide additional details on timing, regulatory approvals, or expected closing date.
Ballard Power to acquire UK hydrogen company GeoPura for about US$400–515 million
Ballard Power Systems has signed an agreement to buy UK-based hydrogen power producer GeoPura Ltd., according to multiple reports. The deal is described as a strategic move by Ballard to expand its po...
- Ballard Power Systems agrees to acquire UK-based GeoPura Ltd.
- The reported transaction value ranges from about US$400 million to $515 million depending on the accounting of components.
- The deal includes cash, shares, and assumed debt, according to one report.
- Ballard describes the acquisition as a strategic step to enter the zero-emission backup power market.
- The acquisition is focused on hydrogen-related power solutions.
The combination with GeoPura will create an entry point to the market for zero-emission backup power solutions
22 hours agoVANCOUVER — Ballard Power Systems Inc. has signed a deal to buy U.K.-based GeoPura Ltd. in an agreement valued at about US$400 million including cash, shares and assumed debt.
1 day ago
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