h2e Power acquires Swiss fuel cell company Hexis AG
New Delhi, June 5: h2e Power Systems acquires Swiss-based hydrogen fuel cell company Hexis AG from Viessmann Group.
However, the company did not disclose the deal size.
The Swiss firm has been acquired by the company through its German subsidiary mPower GmbH, h2e Power Systems said in a statement.
"In keeping with the group''s commitment to climate change and clean energy, the acquisition of Hexis is an important milestone. We will create a global footprint and locally produce zero-emission power generators in Pune," h2e Power Systems Chairman Adar Poonawalla said.
The company is building large manufacturing capacity in Pune for Indian and global markets, he added.
"We are delighted to have found the right investor for Hexis and we look forward to a successful partnership wi...