General
Air Liquide sells its minority stake in Hydrogenics to Cummins
This divestment reflects Air Liquide's strategy of regularly reviewing its business portfolio.
- By ICN Bureau
| July 03, 2023
Air Liquide has sold its 19% stake in the fuel cell and hydrogen production technologies provider Hydrogenics Corporation to Cummins, who owns the remaining 81% of the company. With a large portfolio of technologies, Air Liquide is more than ever committed to the development of hydrogen and the Group is a leader in developing and operating large scale electrolyzers.
This divestment reflects Air Liquide's strategy of regularly reviewing its business portfolio.
Under Cummins’ full ownership, Hydrogenics will remain one of Air Liquide’s suppliers for electrolyzer projects.
Hydrogenics is a developer and manufacturer of hydrogen generation and fuel cell products based on water electrolysis and proton-exchange membrane technology. Hydrogenics is divided into two business units: OnSite Generation and Power Systems.
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