Altor, a private equity firm, offered to acquire Permascand, a technology-driven manufacturer of electrochemical solutions, for $100m. “We have followed the company over the last year closely, and truly believe that there is a fantastic opportunity for Permascand to take significant share in the fast-growing hydrogen market as a supplier of a key and hard-to-manufacture component to electrolyzers. We have increasingly invested in Green Transition companies, and Permascand is a perfect fit next to companies such as H2 Green Steel, Aira and Vianode. Given the significant investments required to increase manufacturing capacity, particularly in relation to the renewables end-market, we strongly believe that the company should be operated in a private setting during this transformative period," Clara Zverina, Altor Principal.