Curated News
By: NewsRamp Editorial Staff
May 27, 2025
Fusion Fuel Green (NASDAQ: HTOO) Set to Acquire UK-Based Fuel Distribution Business for £50 Million
TLDR
- Fusion Fuel Green (NASDAQ: HTOO) to acquire UK fuel distribution business for £50 million, enhancing company's energy portfolio.
- Acquisition includes £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares, boosting FY2025 revenues and net income.
- Acquisition aligns with Fusion Fuel's strategy to build a diversified, synergistic energy portfolio, contributing to a greener future.
- Explore Fusion Fuel Green's innovative energy solutions through Al Shola Gas and BrightHy subsidiaries, shaping the future of the green economy.
Impact - Why it Matters
This news matters as it showcases Fusion Fuel Green's strategic move to expand its energy portfolio through the acquisition of a UK-based fuel distribution business. The deal is valued at £50 million and is expected to complement Fusion Fuel's existing operations, contributing to the company's goal of building a diversified energy portfolio.
Summary
Fusion Fuel Green (NASDAQ: HTOO) announced the signing of non-binding Heads of Terms to acquire a UK-based fuel distribution business for £50 million, with £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares. The target company had FY2025 revenues of $58 million and net income of $7 million, with minimal debt. This acquisition aligns with Fusion Fuel’s strategy to diversify its energy portfolio.
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) Set to Acquire UK-Based Fuel Distribution Business for £50 Million
