Supplier of zero-emission hydrogen and fuel cell-powered commercial vehicles, Hyzon Motors announced it is acquiring the German manufacturer, ORTEN Betriebs GmbH and its subsidiary ORTEN Electric Trucks GmbH. Revealed on Monday (June 13), the acquisition is set to bring three operational production facilities and over 80 employees under the Hyzon umbrella, with the transaction expected to close in Q4 of 2022. The deal is hoped to allow Hyzon to offer comprehensive solutions for customers transitioning fleets to zero emissions vehicles, utilising both Hyzon’s and ORTEN’s product lines, combined with the ORTEN made body and powertrain kits. ORTEN Group, manufacturers of truck and trailer bodies for the beverage industry, has nearly a century’s worth of experience, and in recent years focused on the electrification of new and used commercial diesel vehicles. Read full article here.
Mar 04 2023