AcquisitionsJul 7, 2026, 12:47 PM
Ballard Power to Acquire GeoPura for £275M Upfront
AI Summary
Ballard Power Systems, through a wholly-owned subsidiary, has entered into a definitive agreement to acquire GeoPura Limited, a zero-emission hydrogen-based power solutions provider. The upfront equity purchase price is £275.0 million, funded by £82.5 million in cash and the issuance of 49,406,560 Ballard common shares. Additionally, up to £27.5 million in contingent consideration may be paid based on GeoPura achieving specified financial milestones. GeoPura's CEO is expected to become Ballard's President, and two GeoPura leaders will be nominated to Ballard's board.
Key Highlights
- Ballard Power Systems to acquire GeoPura Limited.
- Upfront equity purchase price of £275.0 million.
- Funding includes £82.5 million in Ballard cash on hand.
- Issuance of 49,406,560 Ballard common shares at US$5.02 per share.
- Estimated 1,424,177 rollover restricted share units at US$5.02 per share.
- Contingent consideration of up to £27.5 million based on milestones.
- GeoPura's CEO, Andrew Cunningham, to become Ballard's President.
- Transaction expected to close in the second half of 2026.
Price Impact
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