MAN ENERGY BUYS OUT H-TEC SYSTEMS

AN Energy Solutions has acquired the majority of shares in the Augsburg-based electrolyser manufacturer H-TEC Systems. Its shareholding has been increased to almost 99 %. The acquisition of the shares, which will remain held in free float, has been agreed. MAN had already acquired a 40% stake in the company, in 2019. The acquisition of shares from the previous majority shareholder, GP Joule, was agreed during the last year. With this company MAN is keen to complete its range across the hydrogen value chain and further aligning its business towards a range of solutions for decarbonisation.