M&A Deal Summary

Plug Power Acquires Cellex Power Products

On April 13, 2007, Plug Power acquired oil/gas exploration company Cellex Power Products

Acquisition Highlights
  • This is Plug Power’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Plug Power’s 1st transaction in Canada.
  • This is Plug Power’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2007-04-13
Target Cellex Power Products
Sector Oil/Gas Exploration
Buyer(s) Plug Power
Deal Type Add-on Acquisition

Target

Cellex Power Products

Richmond, British Columbia, Canada
Cellex Power Products, Inc. is a private company provides fuel cell power solutions for lift trucks and other material handling equipment.

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Buyer(S) 1

Buyer

Plug Power

Latham, New York, United States
Category Company
Founded 1997
Sector Electronics
Employees3,868
Revenue 891M USD (2023)
DESCRIPTION

Plug Power provides an alternative energy technology and deployment of clean, reliable, on-site energy products, currently integrates fuel cell technology into backup power products for telecommunications, utility and uninterruptible power supply applications. Plug Power was founded in 1997 and is based in Latham, New York.

DEAL STATS #
Overall 1 of 4
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Applied Cryo Technologies

Houston, Texas, United States

Applied Cryo Technologies is a manufacturer of highly engineered equipment servicing multiple applications throughout the Industrial Gas and Energy industries. ACT is a provider of technology, equipment, and services for the transportation, storage, and distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases. Applied Cryo Technologies was founded in 2012 and is based in Houston, Texas.

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