MAN Energy Solutions about to acquire H-TEC SYSTEMS

H-TEC SYSTEMS at its production sites in Schleswig-Holstein and Bavaria, Germany, manufactures stacks and electrolysers in the megawatt class...

Representative image from freepik

Headquartered in Germany, MAN Energy Solutions, a visionary company for carbon-neutral world, has acquired the shares of the previous majority shareholder GP JOULE in H-TEC SYSTEMS – a company that has over 20 years of experience in hydrogen development and research. Adding to the 40% stake it previously took in H-TEC SYSTEMS in 2019, subject to approval by the competition authorities, now MAN Energy Solutions’ stake will reach 99% in the aforementioned company.

Focusing on the development, Dr. Uwe Lauber, Chief Executive Officer of MAN Energy Solutions, said, “Green hydrogen is becoming an incredibly important natural resource on our journey to becoming a climate-neutral global economy. With the acquisition of H-TEC SYSTEMS, from now on we will cover all processing steps of the hydrogen economy under the umbrella of MAN Energy Solution. By doing so, we are strategically investing in our expertise as tomorrow’s provider of sustainable energy solutions and providing H-TEC SYSTEMS with complete access to our resources and sales networks at the same time. However, the current other shareholder GP JOULE will remain an important sales partner.”

Hubert Aiwanger, Bavarian Minister for Economic Affairs, Regional Development and Energy as well as Deputy Minister-President of Bavaria, Germany said, “In future, green hydrogen will create many jobs in Bavaria and across Germany. We are pleased to see that two pioneers of hydrogen technology, namely MAN Energy Solutions and H-TEC SYSTEMS are rooted in Bavaria.”

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