Fusion Fuel Green Expands Energy Portfolio with £50M UK Fuel Distributor Acquisition
TL;DR
Fusion Fuel Green (NASDAQ: HTOO) plans to acquire a UK-based fuel distribution business for £50 million, expanding its operations and enhancing its energy portfolio.
The acquisition involves £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares, aligning with the company's strategy for a diversified energy portfolio.
The acquisition by Fusion Fuel Green PLC contributes to a more sustainable energy future, offering comprehensive energy engineering solutions and promoting decarbonization in various industries.
Fusion Fuel Green PLC's acquisition of a UK-based fuel distribution business showcases its commitment to growth and innovation in the energy sector, creating new opportunities for synergy and expansion.
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Fusion Fuel Green PLC (NASDAQ: HTOO) has signed non-binding Heads of Terms to acquire a privately held UK fuel distribution business for £50 million, marking a significant strategic expansion for the energy services company. The acquisition will be financed through £40 million in debt and £10 million in Fusion Fuel ordinary shares.
The target company demonstrates strong financial performance, reporting fiscal year 2025 revenues of $58 million and net income of $7 million, with minimal existing debt. CEO John-Paul Backwell emphasized that the acquisition aligns with the company's strategy to build a diversified and synergistic energy portfolio.
This strategic move complements Fusion Fuel's existing operations, particularly its Al Shola Gas brand, which provides comprehensive industrial gas solutions including design, supply, and maintenance of liquefied petroleum gas (LPG) systems. The acquisition is expected to enhance the company's market position and operational capabilities in the energy services sector.
The transaction represents a significant step in Fusion Fuel's growth strategy, potentially expanding its market reach and creating new opportunities for cross-sector integration. By acquiring a well-performing fuel distribution business, the company is positioning itself to leverage synergies between its existing subsidiaries and the newly acquired assets.
Curated from InvestorBrandNetwork (IBN)
