SFC Energy Acquires Small Stationary Business Assets from Ballard Power Systems Europe

SFC Energy AG has announced the acquisition of small stationary business assets, technology, IP, and customer base from Ballard Power Systems Europe A/S. This transaction expands SFC's offerings in the hydrogen fuel cells market below 50 kW.

The deal includes long-term service agreements and an installed base in Northern Europe, solidifying SFC’s market presence. SFC will establish a subsidiary in Denmark to manage sales, service, and engineering, while research and manufacturing will remain in Germany and Romania.

This acquisition aligns with SFC's growth strategy, which focuses on market penetration, technology development, and M&A activities. The financial impacts are expected to be positive starting in 2025.

SFC CEO Dr. Peter Podesser highlighted the strategic integration of Ballard’s expertise, aiming to enhance customer offerings and accelerate market access. Ballard CEO Randy MacEwen expressed confidence in SFC's ability to build on Ballard's existing technologies.

The transaction awaits regulatory approval and is expected to close within 2024.