MergerLinks Header Logo

Announced

Completed

Advent Technologies completed the acquisition of UltraCell.

Synopsis

Advent Technologies, an innovation-driven company in the fuel cell and hydrogen technology space, completed the acquisition of UltraCell, the fuel cell division of Bren-Tronics, a one-stop-shop for energy storage applications. Financial terms were not disclosed. “This is a high-value acquisition to extend our range in the fuel cell market. One of the first principles in technology deals is having the right people, and the two teams in this transaction know and respect each other well. The UltraCell operation is very active with its product development and is expected to bring quality revenue to Advent. Our decision to retain and expand the facilities in Livermore, California, is a testament to our Made in the USA plan," Bill Hunter, Advent Technologies CFO & President.

Show Details & Financials

Market Context

Sort

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

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US