M&A Deal Summary

mPower Acquires Hexis AG

On June 1, 2020, mPower acquired machinery company Hexis AG from Viessmann Werke & Co. KG

Acquisition Highlights
  • This is mPower’s 1st transaction in the Machinery sector.
  • This is mPower’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2020-06-01
Target Hexis AG
Sector Machinery
Buyer(s) mPower
Sellers(s) Viessmann Werke & Co. KG
Deal Type Divestiture

Target

Hexis AG

Winterthur, Switzerland
Hexis Ltd. is a designer and developer of fuel cell heating systems for stationary applications with less than 10 kW electrical power. In cooperation with international partners, Hexis designs and produces fuel-cell-based mKWK modules in Winterthur and Constance for single-family homes, multiple-family apartment buildings, and, soon, for commercial buildings. Hexis was formed in 1997 and is based in Winterthur, Switzerland.

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Buyer(S) 1

Buyer

mPower

Dresden, Germany

Category Company
Sector Machinery
DESCRIPTION

mPower GmbH is commercializing the high-temperature SOFC stacks, which are developed by Fraunhofer IKTS using ceramic components to address the need for a robust, efficient, flexible, adaptable, cost-effective and a reliable fuel cell technology. Due to its high temperature, the mPower stacks can take in fuel impurities and hence are most suitable for multi-fuel inputs & therefore provided utility in varied applications. mPower is a Dresden, Germany based company with a focus to deliver state of the art stacks to its worldwide customers.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Viessmann Werke & Co. KG

Allendorf, Germany

Category Company
Founded 1917
Sector Machinery
DESCRIPTION

The Viessmann Group is one of the international manufacturers of heating, cooling and climate control technology.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-23 Norpe Oy

Porvoo, Finland

Norpe Oy is a manufacturer and supplier of refrigeration equipment for the consumer non-durables and food industries in the Nordic countries and the Baltic Sea area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Gritec

Waghausel, Germany

Gritec is a manufacturer of technical buildings such as compact stations, transformer stations, modules, shaft constructions, switching stations. Gritec was founded in 1963 and is based in Waghausel, Germany.

Buy -