Curated News
By: NewsRamp Editorial Staff
May 27, 2025
Fusion Fuel Green (NASDAQ: HTOO) Expands Energy Portfolio with Acquisition of UK Fuel Distribution Business
TLDR
- Fusion Fuel Green (NASDAQ: HTOO) plans to acquire a UK-based fuel distribution business for £50 million, expanding its operations and enhancing its energy portfolio.
- The acquisition involves £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares, aligning with the company's strategy for a diversified energy portfolio.
- The acquisition by Fusion Fuel Green PLC contributes to a more sustainable energy future, offering comprehensive energy engineering solutions and promoting decarbonization in various industries.
- Fusion Fuel Green PLC's acquisition of a UK-based fuel distribution business showcases its commitment to growth and innovation in the energy sector, creating new opportunities for synergy and expansion.
Impact - Why it Matters
This news matters as Fusion Fuel Green's acquisition demonstrates its commitment to strategic growth and diversification in the energy sector. The move to acquire a UK-based fuel distribution business for £50 million highlights the company's focus on building a comprehensive energy portfolio and expanding its operations internationally.
Summary
Fusion Fuel Green (NASDAQ: HTOO) has signed non-binding Heads of Terms to acquire a UK-based fuel distribution business for £50 million, enhancing its energy portfolio. The target company reported FY2025 revenues of $58 million and net income of $7 million, with minimal debt. The acquisition aligns with Fusion Fuel's strategy to diversify and synergize its operations.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Fusion Fuel Green (NASDAQ: HTOO) Expands Energy Portfolio with Acquisition of UK Fuel Distribution Business
