Fuel cells: Ballard Power Systems buying Protonex for $30M
Green Car Congress
JUNE 29, 2015
Ballard Power Systems signed a definitive agreement to acquire Protonex Technology Corporation, a designer and manufacturer of advanced power management products and portable fuel cell solutions, in a transaction valued at $30 million. million, and paying the balance of approximately $25.6 million through the issuance of 11.2 Profitability.
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