SFC Energy AG is set to acquire small stationary business assets, technology, IP, and customer base from Ballard Power Systems Europe A/S, a move that aims to expand SFC's technology and market leadership in hydrogen fuel cells below 50 kW. The acquisition includes two proven hydrogen fuel cell solutions with outputs of 1.7 kW and 5 kW, long-term service agreements, and an installed base of around 400 sites mainly in Northern European countries. SFC Denmark, the newly established subsidiary, will play a key role in market expansion in Northern Europe, with plans for further regions to follow. The acquisition aligns with SFC's growth strategy centered on market penetration, technology development, and M&A activity, with expectations of revenue generation in the mid-single-digit million Euro range and positive contributions to EBITDA and EBIT starting in 2025. Both SFC Energy and Ballard Power Systems are optimistic about the potential value and market growth resulting from the transaction, aiming to further promote the spread of hydrogen fuel cell technology and contribute to decarbonization efforts. The transaction, subject to regulatory approval, is expected to close within 2024, marking a significant step in accelerating market access and technology integration in the renewable energy sector.