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New Deal


Announced

HydrogenOne to acquire a minority equity stake in Elcogen.

Financials

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Transaction Value£20m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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manufacturer

Estonia

clean electricity

Friendly

Single Bidder

Private

Minority

technology

hydrogen energy

green hydrogen

clean energy

fuel cell

Alternative Fuels

Acquisition

Cross Border

Private Equity

Pending

Synopsis

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HydrogenOne Capital Growth, an investment company specialising in clean hydrogen and energy storage, agreed to acquire a minority stake in Elcogen, a manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, for £20m. “There is substantial demand for fuel cells and electrolysers as the clean hydrogen sector continues to grow at rapid pace. We look forward to supporting the company on its growth journey as it expands its solid oxide capacity for customers. HydrogenOne continues to deploy our investors’ capital into distinctive and high potential hydrogen assets,” Simon Hogan, HydrogenOne Chairman.

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