The US manufacturer of fuel cell commercial vehicles Hyzon Motors is acquiring the German company Orten, including conversion specialist Orten Electric Trucks. The purchase brings three production facilities and a team of over 80 employees under the Hyzon umbrella. The acquisition of Orten Betriebs GmbH and its subsidiaries, as well as Orten Electric Trucks GmbH, is expected to close in the fourth quarter of 2022, according to Hyzon. With the deal, the international company with headquarters in the US, Netherlands and Australia says it wants to “establish an operational footprint and customer access in attractive German Zero Emission truck market, including expansion of electrification and powertrain kit expertise & assembly capacity”. Read full article here.
Feb 07 2023