Cummins Takes Full Ownership Of Hydrogenics, Adding Key Fuel Cell And Electrolyzer Technologies
Portfolio Pulse from Shivani Kumaresan
Cummins Inc (CMI) has acquired the remaining 19% stake in Hydrogenics Corporation from L'Air Liquide SA (AIQUY), taking full ownership. The acquisition reinforces Cummins' commitment to fuel cell and electrolyzer technologies for decarbonization. Hydrogenics will continue to be one of Air Liquide’s suppliers for electrolyzer projects.
June 30, 2023 | 9:53 am
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NEUTRAL IMPACT
L'Air Liquide SA has sold its remaining 19% stake in Hydrogenics to Cummins Inc.
The sale of the remaining stake in Hydrogenics by L'Air Liquide SA to Cummins Inc may not have a significant impact on the company's stock price as it continues to be a supplier for Hydrogenics' electrolyzer projects.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Cummins Inc has taken full ownership of Hydrogenics, reinforcing its commitment to decarbonization technologies.
The acquisition of the remaining stake in Hydrogenics by Cummins Inc shows a strong commitment to decarbonization technologies. This could potentially boost investor confidence in the company's future growth prospects, leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100