VANCOUVER, B.C. - Ballard Power Systems has acquired Wilmington, Mass.-based Textron Systems' carbon products business unit for US$12.8 million.The transaction is expected to close by May 25.The busin...
VANCOUVER, B.C. – Ballard Power Systems has acquired Wilmington, Mass.-based Textron Systems’ carbon products business unit for US$12.8 million.
The transaction is expected to close by May 25.
The business unit develops and manufactures various carbon materials for automotive and fuel cell applications, including a gas diffusion layer, which is a key component in fuel cell design and manufacturing.
The unit will now be known as Ballard Material Products Inc.
The new branch will be a completely owned subsidiary and will employ over 50 people in a 137,000-sq. ft. facility. n
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