With the acquisitions of SerEnergy and Fischer Eco Solutions, Advent Technologies is continuing its hydrogen and fuel cell expansion (FES).
SerEnergy is a leading manufacturer of high-temperature polymer electrolyte membrane (HT-PEM) fuel cells in the world, with sites in Denmark and the Philippines.
Advent Technologies is advancing its own objectives to be at the forefront of hydrogen and fuel cells with this acquisition, and it is a significant step toward reaching this goal.
SerEnergy specializes in distant, off-grid power fuel cell systems, which are a perfect fit for Advent’s strategy and portfolio.
FES, on the other hand, is based in Germany and specializes in the construction and testing of fuel cell stacks as well as the manufacturing of crucial fuel cell components such as membrane electrode assemblies (MEAs), bipolar plates, and reformers.
Dr. Vasilis Gregoriou, Chairman and CEO of Advent, said, “We are excited to welcome the highly skilled and innovative team of SerEnergy and fischer eco solutions to the Advent family. The technical expertise and manufacturing capabilities of our new colleagues in Denmark and Germany are an excellent match for our strategic growth plan.
“We expect the SerEnergy off-grid and telecom-tower products to benefit significantly from Advent’s product development advances in new materials. In return, we expect that the manufacturing experience they bring will further accelerate our go-to-market plan.
“This acquisition is expected to position Advent as a fuel cell leader with the ability to deliver thousands of systems per year in the off-grid, portable, and other power-generation markets, with capacity in place.”