M&A Deal Summary

Ballard Acquires Automotive Fuel Cell Cooperation - Fuel Cell Assets

On July 3, 2018, Ballard acquired automotive company Automotive Fuel Cell Cooperation - Fuel Cell Assets from Automotive Fuel Cell Cooperation

Acquisition Highlights
  • This is Ballard’s 1st transaction in the Automotive sector.
  • This is Ballard’s 1st transaction in Canada.
  • This is Ballard’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2018-07-03
Target Automotive Fuel Cell Cooperation - Fuel Cell Assets
Sector Automotive
Buyer(s) Ballard
Sellers(s) Automotive Fuel Cell Cooperation
Deal Type Divestiture

Target

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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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 2 of 3
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 Protonex Technology

Southborough, Massachusetts, United States

Protonex Technology Corp. is a provider of portable power solutions to the U.S. Army, U.S. Navy, U.S. Marine Corp, U.S. Air Force, U.S. Special Operations Command and U.S. National Guard, as well as to commercial and government-funded institutions, such as the Ocean Observatories Initiative

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 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.

Buy $40M

Seller(S) 1

SELLER

Automotive Fuel Cell Cooperation

Burnaby, British Columbia, Canada
Category Company
Founded 2008
Sector Automotive
DESCRIPTION

Automotive Fuel Cell Cooperation Corp. is an automotive fuel cell technology company. Automotive Fuel Cell Cooperation was founded in2008 and is based in Burnaby, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
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