McPhy Energy has received a binding offer of at least €11-12m ($11.8-12.9m) from Atawey for the sale of its hydrogen refuelling business as it looks to focus on electrolyser manufacturing.
Expected to be finalised in the second quarter of 2024, the earn-out of the transaction will be seen from the date of completion and would be “conditional on the future order intakes.”
The fixed part of the proposed price is between €11m and €12m. There is also a variable segment that McPhy said could amount up to “several million euros.”
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