Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider
Ballard Power Systems closed the acquisition of UK-based GeoPura for a total upfront consideration of £275.0 million, transforming the company into an integrated hydrogen energy solutions provider. The deal combines Ballard's fuel cell technology with GeoPura's Hydrogen Power Units and Energy-as-a-Service business, extending Ballard's reach in Europe and North America.
Key figures
- Shares Offered
- 49584212
- Cash component gbp
- £82.5 million
- Rsu settlement shares
- 1084540
- Upfront consideration gbp
- £275.0 million
- Pro forma ownership percent
- 14.1%
- Contingent consideration gbp
- £27.5 million
AI analysis
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