BASF fuels its product offering with Pemeas Fuel Cell Technologies

A ping by one of the people close to Pemeas Fuel Cell Technologies has alerted me to the recent announcement that BASF is buying Pemeas Full Cell Technologies, a leading company in the fuel cell business. Pemeas was founded in April 2004 as a spin-off of the former Hoechst Group’s fuel cell activities. The company has approximately 50 employees and operates manufacturing and R&D facilities in Germany and in the U.S. The company’s product can be used, for example, in portable electronics, residential applications or backup power systems.

According to industry analysts, the global fuel cell market will grow from €1 billion in 2010 to €21.5 billion in 2020. Fuel cells are environmentally friendly and can operate with a variety of fuels. They can also be used in a wide variety of applications, such as in laptop computers, homes and cars.

Takeaway: From what I heard, the company was considering a listing on the stock exchange in the near future, now the acquisition by BASF comes as a bold move to take advantage of top cleantech technology made in Germany. Good move and congrats to the VC investors BankInvest and SAM Private Equity.

Recommendations: We need more of these cleantech investment / exits here in Europe! The exit channels – no matter if public markets or M&A transactions – are out there!

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Explore posts in the same categories: Cleantech, VC backed Companies, Venture Capital

One Comment on “BASF fuels its product offering with Pemeas Fuel Cell Technologies”

  1. Maximus Says:

    I would like to see a continuation of the topic


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