Future of Swiss Fuel Cell Specialist Hexis secured

Allendorf (Eder), 03.06.2020 – Securing the future of Hexis: Since 01.06.2020 the Swiss fuel cell specialist Hexis has become part of mPower GmbH, based in Dresden, Germany, whose parent company h2e Power Systems Private Limited, is an Indian high-tech company based in Pune, India. A corresponding purchase agreement was signed and consummated between mPower and Viessmann. The agreements also include the future cooperation of Hexis with the previous owner for the supply of SOFC fuel cell modules. As Viessmann had announced, the family-owned company is focusing on the system integration of modules into its own energy systems. Both parties agreed not to disclose the purchase price.

Source: Viessmann (Press Release)

About the author

Amitabh Arora

Amitabh Arora has more than 18 years of experience promoting foreign direct investments (FDI), trade and economic relations between India and Switzerland, South Korea, United Kingdom and Canada. He is currently working as Director Key Accounts at the Greater Geneva Berne area (GGBa), the economic development agency of western Switzerland. GGBa offers a comprehensive range of services at no charge to foreign companies seeking to establish a presence in Switzerland. He is also the founder of FDITracker.com, tracking FDI developments worldwide. Amitabh has a Masters in International Business from the Indian Institute of Foreign Trade (IIFT) and a Bachelor of Business Studies (BBS) from College of Business Studies, India.