h2e Power Systems-backed MPower completed the acquisition of Hexis from Viessmann.

h2e Power Systems-backed MPower, a batteries and power supplies provider, completed the acquisition of Hexis, an electrical components provider, from Viessmann, a German manufacturer of heating, industrial, and refrigeration systems. Financial terms were not disclosed. "With the acquisition of Hexis, we have not only inherited a great team but also a very strong Foundation to develop world class products at competitive prices.” He further added that “in Viessmann we have a great partner and an anchor customer. Apart from the real estate, commercial & green hydrogen markets, we intend to expand the Hexis product portfolio to applications in Agriculture, Oil & Gas and telecom. With our Social Vision; German & Swiss Engineering and Indian Entrepreneurship we intend to build the first truly global SOFC company,"