M&A Deal Summary

Ballard Acquires Arcola Energy

On November 11, 2021, Ballard acquired energy services and equipment company Arcola Energy for 40M USD

Acquisition Highlights
  • This is Ballard’s 1st transaction in the Energy Services and Equipment sector.
  • This is Ballard’s largest (disclosed) transaction.
  • This is Ballard’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-11-11
Target Arcola Energy
Sector Energy Services and Equipment
Buyer(s) Ballard
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Arcola Energy

London, United Kingdom
Arcola Energy is a systems engineering company specializing in hydrogen fuel cell powertrain and vehicle systems integration. Arcola Energy produces its own range of powertrain products for zero-emission vehicles based on a proprietary A-Drive technology platform. Arcola Energy is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Ballard

Burnaby, British Columbia, Canada
Category Company
Founded 1979
Sector Electrical Equipment
Employees1,173
Revenue 102M USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Automotive Fuel Cell Cooperation - Fuel Cell Assets

Burnaby, British Columbia, Canada

Automotive Fuel Cell Cooperation Corp. - Fuel Cell Assets is a provider of fuel cell stack in Burnaby, British Columbia.

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