Atawey has acquired McPhy’s hydrogen refuelling station (HRS) business for €12m ($13.1m), making it the “European leader in HRS’ by number of installations.”
The network includes 70 stations, along with an industrial facility boasting a production capacity of over 80 stations per year. This 2,400m2 production area will allow Atawey to fulfil its order backlog of €25m ($27m) and meet upcoming growth projections.
More than 40 McPhy employees will join Atawey, increasing its total number of staff to 145. The R&D team joins Atawey with 10 years of experience in HRS manufacturing with a dozen patents secured and other intellectual property rights.
The two companies will collaborate on the execution of all ongoing projects and the continuity of services associated with the 40 stations installed before the takeover. McPhy first received the binding offer in February (2024) and has today (July 17) confirmed the takeover.
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