Ballard power announces acquisition of arcola energy to help customers integrate fuel cell engines into heavy-duty mobility

Vancouver, bc, london and glasgow, scotland, nov. 11, 2021 /prnewswire/ - ballard power systems (nasdaq: bldp)(tsx: bdlp), a world leader in the design and manufacturing of pem fuel cell engines for medium- and heavy-duty vehicles, today announced the acquisition of arcola energy, a uk-based systems engineering company specializing in hydrogen fuel cell powertrain and vehicle systems integration. ballard acquired 100% of arcola for total upfront and earn-out cash and share consideration of up to us$40 million, based on the achievement of certain performance milestones.
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