Fusion Fuel Green PLC (NASDAQ: HTOO) announced a strategic acquisition of a privately held UK fuel distribution business for £50 million, marking a significant expansion of its energy services portfolio. The transaction will be financed through £40 million in debt and £10 million in company shares.
The target company, which reported fiscal year 2025 revenues of $58 million and net income of $7 million, represents a promising addition to Fusion Fuel's existing operations. CEO John-Paul Backwell emphasized that the acquisition aligns with the company's strategy of building a diversified and synergistic energy portfolio.
This acquisition complements Fusion Fuel's current business segments, including its Al Shola Gas brand, which provides industrial gas solutions such as liquefied petroleum gas (LPG) system design, supply, and maintenance. The move suggests the company is actively seeking opportunities to broaden its market reach and enhance its service offerings in the energy sector.
The transaction's minimal debt profile and substantial revenue stream indicate a potentially valuable strategic investment. By expanding its fuel distribution capabilities, Fusion Fuel Green may be positioning itself to capitalize on emerging market opportunities and strengthen its competitive stance in the energy services industry.
