Mergers & Acquisitions ·
Ballard Power Systems closed its acquisition of GeoPura for £275 million, comprising £82.5 million in cash and…
BLDPBallard Power Systems Inc.
Ballard Power Systems closed its acquisition of GeoPura for £275 million, comprising £82.5 million in cash and approximately 49.6 million newly issued common shares plus restricted share units. Former shareholders hold roughly 14.1% of Ballard's outstanding stock post-transaction, with potential additional contingent consideration up to £27.5 million tied to financial milestones. Andrew Cunningham assumed the role of President, while he and Lord Richard Harrington joined the Board of Directors. This strategic combination integrates GeoPura’s hydrogen power units and logistics with Ballard’s fuel cell technology, transforming Ballard into an integrated Energy-as-a-Service provider across Europe and North America. Ballard Power Systems Inc. operates in the clean energy sector, specializing in zero-emission hydrogen fuel cell solutions.