Strengthens Group’s Hydrogen Solutions Business
HENSOLDT has agreed the acquisition of MAHYTEC, a French specialist in hydrogen storage tanks and renewable energy storage systems, the company announced on 3 March.
Subject to normal approval and closing conditions, which are expected to occur by this summer, the acquisition will bring HENSOLDT highly innovative technologies for compressed hydrogen storage in composite tanks, as well as solid storage with metal hydrides, further complementing its portfolio of solutions to produce, store, and transport hydrogen-based regenerative energy.
“Our mobile, hydrogen-based solutions secure our clients’ energy supply even in difficult to access areas or in crisis situations. With the acquisition of MAHYTEC, we add state-of-the-art hydrogen storage technologies, which gives us an edge to address key energy challenges of the future for our customers, both in defence and non-defence markets,” stressed HENSOLDT CEO, Thomas Müller.
Explaining that his company knows MAHYTEC very well from existing partnerships, Jérôme Giraud, CEO of HENSOLDT NEXEYA France, added “MAHYTEC features a highly innovative technology portfolio in composite tanks and solid storage, which will help us to drive sustainability in highly demanding areas, such as heavy mobility and aeronautical applications.”
“MAHYTEC’s leading hydrogen storage solutions and our proven experience perfectly complement HENSOLDT’s product offering in that area,” stated MAHYTEC’s CEO, Dominique Perreux.