A Gleiss Lutz team has advised the US technology group Advent Technologies in connection with its acquisition of fischer group's fuel cell business. The transaction includes leading fuel cell manufacturer SerEnergy in Denmark and fischer eco solutions GmbH in Germany. Closing of the transaction is still subject to the customary closing conditions for regulatory approval and is expected for the third quarter of 2021.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents issued (or pending) for its fuel cell technology, Advent holds the IP for next-generation high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere." option for the automotive, maritime, aviation, and power generation sectors.
Serenergy A/S, founded in 2006 in Aalborg, Denmark, is the global leader in the design and manufacture of methanol-powered high-temperature polymer electrolyte membrane (HT-PEM) fuel cell units in the 5-kilowatt class.
Since its founding in 2009, fischer eco solutions GmbH has been involved in renewable energy generation. Together with SerEnergy, the company specializes in reformed methanol fuel cell technology, producing core components (fuel cell stacks, methanol reformers, MEAs and bipolar plates) of SerEnergy's fuel cells at its Achern site.
The following Gleiss Lutz team advised Advent Technologies on the transaction: Dr. Cornelia Topf (partner, lead), Dr. Christian Cascante (partner), Dr. Antonius Mann (all Frankfurt), Dr. Johannes Weigel (Berlin), Dr. Lucas Hertneck (Stuttgart), Nina Ahlert (all M&A), Dr. Thomas Winzer (partner), Dr. Tobias Abend (counsel), Henrike Westphal, (all Employment), Frank Schlobach (partner), Dr. Katja Lehr, Yvonne Gerster (all Finance), Dr. Birgit Colbus (counsel, Competition/Antitrust), Dr. Stefan Mayer (partner), Dr. Ocka Stumm (both Tax), Dr. Tim Weber (partner), Maximilian Leisenheimer (both Real Estate), Dr. Eike Bicker (partner), Marina Stoklasa (both Compliance, all Frankfurt), Dr. Jacob von Andreae (partner), Aylin Hoffs, Matthias Hahn (all Public Business Law, Düsseldorf), Dr. Stefan Weidert (partner), Dr. Hannah Bug (both IP/IT), Dr. Christian Hamann (partner, all Berlin), Dr. Manuel Klar (Munich, both Data Protection), Dr. Eric Wagner (partner), Dr. Britta Kamp, Dr Andreas Duttig (all Commercial), Dr. Marc Ruttloff (partner), Linda Rampf (both Public Law/Energy, Stuttgart).
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