Ballard - M&A Summary and Business Overview

Electrical EquipmentCompany

Ballard M&A Summary

Ballard has acquired 3 companies, including 1 in the last 5 years.

Ballard’s largest acquisition to date was in 2021, when it acquired Arcola Energy for $40M. Ballard has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include automotive (34%) and electrical equipment (34%).

Ballard Business Overview

Where is Ballard headquartered?

Ballard is headquartered in Burnaby, British Columbia.

What is Ballard’s revenue?

Ballard disclosed revenue of 105M USD for 2021 and 104M USD for 2020.

How many employees does Ballard have?

Ballard has 785 employees.

What sector is Ballard in?

Ballard is an electrical equipment company.

When was Ballard founded?

Ballard was founded in 1979.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Ballard

Ballard Power Systems, Inc.

9000 Glenlyon Parkway,
Burnaby, British Columbia V5J 5J8
Canada,
(604) 454-0900
www.ballard.com

Ballard is a provider of clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. Ballard was incorporated in 1979 and is based in Burnaby, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - 1 - - - 3
vol $30M $40M $70M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Arcola Energy Ltd. 2021-11-11 40M USD Add-on Acquisition
London, United Kingdom · www.arcolaenergy.com
Automotive Fuel Cell Cooperation Corp. - Fuel Cell Assets 2018-07-03 - Divestiture
Burnaby, British Columbia
Protonex Technology Corp. 2015-06-29 30M USD Add-on Acquisition
Southborough, Massachusetts · www.protonex.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 1 (33%) - - -
Electrical Equipment 1 (33%) 30M (43%) - -
Energy Services and Equipment 1 (33%) 40M (57%) - -
Total 3 $70M - -

By Geo

State/Country Buy Value Sell Value
Canada 1 - - -
  British Columbia 1 - - -
United Kingdom 1 40M - -
United States 1 30M - -
  Massachusetts 1 30M - -
Domestic 1 (33%) - - -
Cross-border 2 (67%) 70M (100%) - -
Total 3 $70M - -

Top M&A Advisors

Financial Deals
Cowen Group, Inc.
1
National Bank Financial
1

Deal Values

buy # Total
< $100M 2 $70M
TOTAL $70M
Largest Arcola Energy Ltd.
$40M (2021-11-11)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)

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