MAN Energy Solutions has purchased almost 99 percent of the shares of H-TEC SYSTEMS, a PEM electrolysers maker based in Augsburg, Germany.
Subject to the consent of the competition authorities, MAN Energy Solutions purchased the shares of the former majority shareholder, GP JOULE, in addition to the 40 percent stake previously owned of the firm in 2019. Currently, the remaining shares are in free float.
“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.”Dr. Uwe Lauber, CEO of MAN Energy Solutions.
“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. We wish to make the state of Bavaria a leading location for hydrogen technology.”Hubert Aiwanger, Bavarian minister for Economic Affairs, Regional Development and Energy as well as Deputy Minister-President of Bavaria, Germany.
In the process of the deal, the management team will be expanded by Dr. Dominik Heiß, who will direct the organization along with Dr. Joachim Herrmann and Frank Zimmermann. Frank Zimmermann will also serve as a management speaker going forward. At the same time, Heinrich Gärtner, GP JOULE, declared his departure in the process of the deal.
“We plan to further expand the two company locations in Augsburg and Braak. Now is the time for promoting the development of PEM electrolysers in the multi-megawatt range. This will also enable the use of the most pioneering electrolysers on an industrial scale.”Frank Zimmermann, management speaker.
“Our thanks go to Heinrich Gärtner who has accompanied H-TEC SYSTEMS on its journey since 2010 and helped make the company a pioneer within the hydrogen economy. Even though Heinrich is leaving the management team, we will continue to rely on the expertise and experience of GP JOULE as part of our sales partnership.”Dr. Uwe Lauber, CEO of MAN Energy Solutions.
H-TEC SYSTEMS was founded in 1997 and has over 20 years of experience in the production and testing of hydrogen. At production sites in Schleswig-Holstein and Bavaria, Germany, megawatt-class batteries and electrolysers based on the polymer-electrolyte membrane process (PEM) have been produced by 60 specialists to satisfy the need for hydrogen for both industrial hydrogen applications and electricity conversion. Nowadays, the H-TEC SYSTEMS electrolysers are making efficient sector coupling feasible.