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New Deal


Announced

Advent Technologies to acquire the Fuel Cell Systems Businesses from Fischer Group for $62m.

Financials

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Transaction Value£44m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Denmark

Friendly

production of fuel cell components

Alternative Fuels

fuel cell systems

Acquisition

Cross Border

Pending

Germany

Majority

Private

Synopsis

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Advent Technologies, a US corporation that develops, manufactures, and assembles critical components for fuel cells, agreed to acquire the Fuel Cell Systems Businesses from Fischer Group for $62m. "We are excited that Advent has reached an agreement with the Fischer family, which brings some of the world's leading high-temperature fuel cell providers to our company and will contribute to our business momentum," Vasilis Gregoriou, Advent Technologies Chairman and CEO.

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