Announced
Synopsis
SFC Energy, a direct methanol and hydrogen fuel cell manufacturer, agreed to acquire a 15% stake in Oneberry Technologies, a technology and service provider. Financial terms are not disclosed. “Together, Oneberry and SFC make the world safer and more sustainable. This transaction marks an important milestone in SFC’s global expansion strategy, especially in Asia. German and Singaporean technology leaders are combining their complementary strengths in reliable and sustainable off-grid energy and AI-based public security solutions. Oneberry’s strong technology base, profitable business model, and long-term customer relationships create a strong platform for further integrating our fuel cell solutions into the fast-growing public security, critical infrastructure and border protection as well as drone defense market. Our investment supports SFC’s long-term goal of scaling our fuel cell technology across fast-growing markets, while further enhancing our profitability and revenue base,” Dr. Peter Podesser, SFC Energy CEO.
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