Fusion Fuel Green (NASDAQ: HTOO) announced it has signed non-binding Heads of Terms to acquire a privately held UK-based fuel distribution business and related companies for £50 million, comprised of £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares. The target company reported FY2025 revenues of $58 million and net income of $7 million, with minimal debt. CEO John-Paul Backwell said the acquisition would complement Fusion Fuel’s existing operations, including its Al Shola Gas brand, and aligns with the company’s strategy to build a diversified, synergistic energy portfolio.
To view the full press release, visit https://ibn.fm/TsKjZ
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy subsidiaries. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
For more information, visit the company’s website at https://www.fusion-fuel.eu
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