Ballard acquires Arcola Energy to help customers integrate fuel cell systems into heavy-duty mobility

Green Car Congress
By mmillikinNov 12, 2021, 6:00 am232 pts
Ballard Power Systems has acquired Arcola Energy, a UK-based systems engineering company specializing in hydrogen fuel cell powertrain and vehicle systems integration. (Earlier post.) Ballard acquired 100% of Arcola for total upfront and earn-out cash and share consideration of up to US$40 million, based on the…

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