Atawey Acquires McPhy's Hydrogen Stations Business, Becomes European Leader
Key Ideas
  • Atawey acquires McPhy's hydrogen refuelling stations business for €12 million, expanding its fleet to 70 stations and becoming the European leader in the sector.
  • The acquisition includes 40 McPhy employees joining Atawey, along with an industrial facility with increased production capacity and testing areas.
  • Atawey plans to enhance production efficiency, incorporate best practices, and leverage combined experience to position itself as an industry leader in France and Europe.
  • McPhy's international experience in growth markets will complement Atawey's strengths, ensuring the continuity of services for existing stations and ongoing projects.
Atawey has completed the acquisition of McPhy's hydrogen refuelling stations business for €12 million, solidifying its position as the European leader in the sector with a total of 70 stations. This strategic move also includes the integration of 40 McPhy employees into Atawey, boosting the company's workforce to 145. Additionally, Atawey has gained access to a high-performance industrial facility with increased production capacity and testing areas, allowing for the quick response to orders worth nearly €25 million. Pierre-Jean Bonnefond, the CEO and co-founder of Atawey, highlighted the significant growth opportunity this acquisition presents. By combining expertise, production capabilities, and operational knowledge from both companies, Atawey aims to drive continuous improvement and establish itself as one of the industry leaders in France and Europe. The collaboration will not only enhance production efficiency but also foster innovation through the exchange of best practices. Moreover, Atawey is set to benefit from McPhy's teams' international experience in Europe's growth markets, fostering a collaborative approach to current projects and ensuring seamless service continuity for existing stations. This acquisition reflects Atawey's commitment to expansion, technological advancement, and industry leadership in the European hydrogen sector.
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