Announced
Completed
Synopsis
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,"
Principals
Show Details & Financials
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.