McPhy Energy, a specialist in low-carbon hydrogen production and distribution equipment, has finalized the sale of its hydrogen refueling stations business to Atawey, a move that signifies significant strategic implications for both companies. The transaction, which followed exclusive negotiations and a binding offer from Atawey, was completed in April 2024. Jean-Baptiste Lucas, CEO of McPhy, expressed delight in selling the business to Atawey, allowing the station teams to continue shaping the future of hydrogen mobility. Atawey, now positioned as the European leader in hydrogen refueling stations, gains a substantial stations base, industrial tool capacity, and over 40 experienced employees from McPhy. This acquisition is expected to accelerate Atawey's international growth and profitability, supported by a strong order book and integration of McPhy's technologies. On the other hand, McPhy is refocusing on its core business of manufacturing electrolyzers, with the sale providing resources for industrial scale-up. The company's strategic moves, including the recent Gigafactory inauguration and financial transactions, underline its commitment to the European low-carbon hydrogen industry. With the divestiture of the stations business, McPhy aims to concentrate on its growth and development, while continuing to execute current projects and financial plans. Overall, the transaction between McPhy and Atawey represents a strategic realignment for both companies, setting the stage for enhanced capabilities, growth potential, and contributions to the energy transition landscape in Europe.