MAN Energy Solutions is acquiring a 40% stake in electrolysis technology company H-TEC Systems, marking the German company’s entry into the hydrogen economy.
A contract confirming the partial acquisition was signed by Dr. Uwe Lauber, CEO of MAN Energy Solutions, and Ove Petersen and Heinrich Gärtner, Executive Managers of the GP Joule Group.
The contract also makes provisions for a majority or complete takeover of H-TEC Systems at a later date.
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