Ballard Power announces acquisition of Arcola Energy23 November 2021
Fuel cell manufacturer Ballard Power Systems has acquired Arcola Energy, a UK-based systems engineering company specializing in hydrogen fuel cell powertrain and vehicle systems integration. The purchase price was up to US$40 million, based on the achievement of certain performance milestones.
Having more than 10 years of experience integrating Ballard fuel cell engines into powertrains and heavy-duty vehicles, including buses, refuse trucks and trains, Arcola currently has approximately 90 employees based in the UK.
Randy MacEwen, Ballard’s President and Chief Executive Officer, said: "We continue to focus on simplifying the fuel cell electric vehicle (FCEV) experience and ease implementation friction points for OEM customers and end-users. We are putting the customer at the heart of our strategy and investments. With the acquisition of Arcola, we will make it easier for existing and new OEM customers globally to offer FCEVs by providing stronger support for the integration of our fuel cell engines into their vehicle platforms, including powertrain integration, vehicle integration and application engineering.”
Arcola Energy Ltd
Ballard Power Systems
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