Atawey Acquires McPhy's Hydrogen Refueling Stations: Strengthening Presence in Europe
Key Ideas
- Atawey acquires McPhy's hydrogen refueling station business for €12 million, adding 70 locations and an industrial tool capable of supporting over 80 stations annually.
- The acquisition includes the addition of more than 40 employees to Atawey's current workforce, bringing the total number of employees to 145.
- The 2,400m2 production facility will help Atawey fulfill a €25 million order backlog and expand its presence in Europe's energy transition market.
- The transaction marks a significant step for Atawey in accelerating its growth, international development, and positioning as a key player in Europe's energy transition journey.
Atawey has finalized the acquisition of McPhy Energy's hydrogen refueling stations business in a €12 million deal. The acquisition encompasses a network of 70 refueling sites and an industrial tool capable of supporting over 80 stations each year. With the addition of more than 40 employees from McPhy, Atawey's team now totals 145, enhancing its workforce for future endeavors. Jean-Michel Amaré, Chairman and co-founder of Atawey, expressed the significance of this milestone in supporting their growth, international expansion, and positioning as a prominent player in Europe's energy transition. The acquisition also includes a 2,400m2 production area that will play a key role in fulfilling Atawey's €25 million order backlog and facilitating its projected growth. This acquisition solidifies Atawey's presence in the European market and underscores its commitment to advancing hydrogen infrastructure and clean energy solutions.