MAN Energy Solutions is increasing its share in H-TEC SYSTEMS to almost 99%. The acquisition of the shares, which will remain held in free float, has been agreed. The company already gained a 40% stake in H-TEC SYSTEMS in 2019. The now-completed acquisition of the shares from the previous majority shareholder, GP JOULE, was already agreed in the past year. The parties have agreed not to disclose the price of the acquisition. The now-complete transaction was, until now, subject to approval by the competition authorities.
GP JOULE, the Schleswig-Holstein-based group that operates in the renewable energies sector, acquired H-TEC SYSTEMS in 2010. Frank Zimmermann, spokesman for the board of management at H-TEC SYSTEMS, thanked them for their successful collaboration in recent years. He said, “GP JOULE recognized the potential of H-TEC SYSTEMS at an early stage, and placed their trust in green hydrogen for a future with renewable energies. This leading edge can be seen in our leading electrolyzers.”
With the acquisition, MAN Energy Solutions is completing its range across the hydrogen value chain – and is further aligning its business towards a range of solutions for decarbonisation. Dr. Uwe Lauber, Chief Executive Officer at MAN Energy Solutions, said, “Starting with extraction and transport, right through to the use of climate-neutral energy, we offer our customers solutions for using green hydrogen, and are therefore strongly positioned in one of the most important future markets.”