Divestiture • Electrical Equipment

OneH2 Acquires Nuvera Fuel Cells - Nuvera Powertap Hydrogen Generator Business

On February 26, 2019, OneH2 acquired electrical equipment company Nuvera Fuel Cells - Nuvera Powertap Hydrogen Generator Business from Nuvera Fuel Cells

Acquisition Context
  • This is OneH2’s 1st transaction in the Electrical Equipment sector.
  • This is OneH2’s 1st transaction in the United States.
  • This is OneH2’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date February 26, 2019
Target Nuvera Fuel Cells - Nuvera Powertap Hydrogen Generator Business
Sector Electrical Equipment
Buyer(s) OneH2
Sellers(s) Nuvera Fuel Cells
Deal Type Divestiture

Target Company

Nuvera Fuel Cells - Nuvera Powertap Hydrogen Generator Business

Billerica, Massachusetts, United States
Nuvera Fuel Cells, Inc. - Nuvera Powertap Hydrogen Generator Business is a manufacturer of small scale hydrogen generators.
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Buyer Overview 1

Buyer

OneH2

Longview, North Carolina, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

OneH2, Inc. is a vertically integrated hydrogen fuel company. OneH2 provides scalable hydrogen fuel systems coupled with cost effective delivered hydrogen fuel for use in industrial vehicle and truck markets. OneH2, Inc. was founded in 2015 and is based in Longview, North Carolina.


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1

Seller Profile 1

SELLER

Nuvera Fuel Cells

Billerica, Massachusetts, United States

Category Company
Founded 1997
Sector Automotive
DESCRIPTION

Nuvera Fuel Cells, Inc. is a development-stage technology and product development company focused on fuel cell stacks and related systems and supporting on-site hydrogen production and dispensing systems that can deliver clean energy solutions to customers.


Deal Context for Seller #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1