Brunnthal/Munich, Germany, 2 December 2024 – SFC Energy AG (“SFC”, F3C:DE, ISIN: DE0007568578), a leading provider of hydrogen and methanol fuel cells for stationary, portable and mobile hybrid power solutions, has completed the acquisition of selected assets of the stationary hydrogen fuel cell business in Scandinavia – including IP rights and customer contracts – from Ballard Power Systems Europe A/S (BPSE).
With the acquisition of the assets for stationary hydrogen fuel cell solutions with an output of 1.7 kW and 5 kW now completed – following the granting of all necessary regulatory approvals – SFC now has the world's comprehensive product portfolio of stationary fuel cells in the output range below 50 kW. The existing installed base of the acquired BSPE hydrogen fuel cell solutions at approximately 400 locations in Denmark, Norway, Sweden and Finland as well as the associated established customer relationships and service contracts form a solid starting point for further expansion in Northern Europe and beyond.
The subsidiary SFC Energy Denmark ApS (SFC Denmark), which was founded specifically for sales, service, application engineering, and assembly, is intended to drive market penetration in the Northern European regions. Research and development activities as well as the production of hydrogen fuel cell solutions will be integrated into the existing SFC organisations at the locations in Germany and the new production facility in Romania.
The SFC Management Board continues to expect, as published in the original press release of 2 October 2024, that the acquired new business will generate sales in the mid-single-digit million Euro range and positive contributions to EBITDA and EBIT from 2025 onwards.
Further information on SFC Energy's Clean Energy and Clean Power Management solutions can be found at www.sfc.com.
SFC Energy AG is an international technology leader, providing reliable hybrid energy systems for public security, defense, industry, and critical infrastructure.
Based on its world leading fuel cell technology, the company develops and manufactures cutting‑edge hybrid power systems for off‑grid stationary and mobile applications. SFC Energy’s reliable, cost‑efficient and sustainable platforms meet the rapidly growing global demand for resilient, decentralized energy supply in military operations, public security and surveillance as well as industrial applications. The company also supplies high-precision, energy-saving power management solutions to high-tech companies in the semiconductor equipment, defense, and life science industries.
Headquartered in Brunnthal near Munich, Germany, SFC Energy has subsidiaries in Canada, Denmark, India, the Netherlands, Romania, the United Kingdom, and the United States of America. With a team of 500 dedicated employees, SFC Energy provides daily support to customers across the globe.
SFC Energy AG is listed in the Prime Standard segment of the Frankfurt Stock Exchange and has been part of the SDAX selection index since 2022 (GSIN: 756857 ISIN: DE0007568578).
Susan Hoffmeister
Tel. +49 89 125 09 03-33
Email:
Web: sfc.com