Adar Poonawalla-backed startup h2e Power acquires Swiss company Hexis AG
Adar Poonawalla-backed startup h2e Power Systems on Friday said it has acquired Swiss fuel cell company Hexis AG from Viessmann Group.
However, the company did not disclose the financial details of the deal.
The Swiss firm has been acquired by the company through its German subsidiary Power GmbH, h2e Power Systems said in a statement.
“In keeping with the group’s commitment to climate change and clean energy, the acquisition of Hexis is an important milestone. We will create a global footprint and locally produce zero emission power generators in Pune,”h2e Power SystemsChairmanAdar Poonawalla said.
The company is building a large manufacturing capacity in Pune for Indian and global markets, he added.
