thyssenkrupp Nucera Acquires Green Hydrogen Systems' Technology and Test Site in Denmark
Key Ideas
- thyssenkrupp Nucera has agreed to purchase important technology and a test site from Green Hydrogen Systems in Denmark.
- The deal includes ownership rights and access to a working test facility with a full-size model in Skive, Denmark.
- The acquisition will be funded using thyssenkrupp Nucera's available cash, with the deal expected to be finalized by late summer 2025 after receiving necessary approvals.
- The purchase is subject to approval from a court-appointed trustee, creditors, and regulators due to Green Hydrogen Systems being in the process of bankruptcy.
thyssenkrupp Nucera (THYKF) has announced an agreement to acquire important technology and a test site from Green Hydrogen Systems, a Danish company known for its pressurized alkaline electrolysis equipment. The deal involves obtaining ownership rights and access to a fully operational test facility in Skive, Denmark, which includes a full-size model. Although the financial details of the transaction have not been disclosed, thyssenkrupp Nucera plans to finance the purchase using its existing cash reserves. However, the acquisition is contingent upon receiving approval from a court-appointed trustee, creditors, and relevant regulators as Green Hydrogen Systems is currently undergoing bankruptcy proceedings. The completion of the deal is anticipated to take place by late summer 2025. For further inquiries and feedback, interested parties can reach out to editorial@rttnews.com. This development falls under the category of business news and underscores thyssenkrupp Nucera's strategic move in the hydrogen technology sector.
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