MAN Energy Solutions is acquiring the majority of H-TEC SYSTEMS, an electrolyzer producer based in Augsburg.
As a result, the company’s stake in H-TEC SYSTEMS has increased to about 99 percent. The agreement has been reached to acquire the shares, which will remain in free float.
MAN Energy Solutions already owns 40% of the company. The agreement to acquire the shares from the former majority shareholder, GP JOULE, was made last year. The parties have agreed not to divulge the acquisition’s price. Until now, the now-completed acquisition was subject to competition authority approval.
With the acquisition, MAN Energy Solutions is completing their range across the hydrogen value chain and is further aligning their business towards a range of solutions for decarbonization: “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,” says Dr. Uwe Lauber, Chief Executive Officer at MAN Energy Solutions.
Together with the management team at H-TEC SYSTEMS, MAN Energy Solutions wants to drive forward the large-scale industrial scaling of electrolysis. “Today, H-TEC SYSTEMS offers electrolyzers in the megawatt range,” says Lauber. “The objective now is to prepare the company for serial production because green hydrogen is going to become a mass market.”