Fuel cell specialist Ballard Power Systems has purchased all the shares and acquired 100% ownership of its European subsidiary, strengthening its brand awareness and presence in the continent.
In the takeover, the company has rebranded its European outfit, previously known as Dantherm Power A/S, with Ballard’s logo and visual identity and has been renamed Ballard Power Systems Europe A/S.
Ballard held 57% of the shares in its Denmark-based subsidiary before purchasing the remaining 43% from Dansk Industri Invest A/S on 5th January, 2017. Ballard acquired the remaining shares for a nominal payment, although the exact amount was undisclosed.
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