HH2E AG Strategizes Growth: Engages Ernst & Young for Advisory on M&A Process
Key Ideas
- HH2E Group appoints Ernst & Young to guide a structured M&A process aimed at attracting new investments and ensuring sustainable growth.
- The company's flagship green hydrogen production platform in Europe is ready for Final Investment Decision, with key milestones achieved and projects strategically located.
- The M&A process involves sharing information with potential bidders, with a target completion date by the end of January 2025.
- HH2E's co-founder highlights the company's resilience, leading position, and readiness to meet the increasing demand for green hydrogen, presenting an attractive investment opportunity.
HH2E AG, a key player in the green hydrogen sector, has engaged Ernst & Young (EY) to advise on a merger and acquisition (M&A) process as part of its strategic growth plan. Under self-administration proceedings, HH2E aims to maintain its value and assets while undergoing corporate restructuring. The M&A process will attract potential investors, with a focus on completing it by January 2025.
HH2E's leading green hydrogen production platform in Europe is nearing Final Investment Decision (FID), with essential components secured and permitting processes progressing well. The company's projects, strategically located in regions with surplus renewable electricity, are poised to connect to Germany's hydrogen pipeline network.
The M&A process, overseen by HH2E and EY executives with legal expertise from GÖRG law firm, aims to strengthen the company's position and ensure sustainable growth. Alexander Voigt, Co-founder of HH2E, emphasizes the company's resilience, readiness for future expansion, and commitment to innovation in Germany's hydrogen market. HH2E's strategic advancements position it as a prominent player in the growing green hydrogen sector.