Ballard Power Systems Acquires GeoPura for £275 Million
Ballard Power Systems has finalized the acquisition of GeoPura Limited for £275 million, enhancing its hydrogen energy solutions. This strategic move positions Ballard as a comprehensive provider of zero-emission energy across Europe and North America.
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Ballard Power Systems has completed its acquisition of GeoPura Limited, valued at £275 million, which includes £82.5 million in cash and shares. Former GeoPura shareholders now own approximately 14.1% of Ballard's common shares.
The deal allows Ballard to integrate GeoPura's Hydrogen Power Units and Energy-as-a-Service model with its advanced fuel cell technology. Additionally, there is a potential for £27.5 million in contingent consideration based on future financial milestones. This acquisition strengthens Ballard's market presence and creates new commercial avenues while aiming for sustainable profitability.
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