Bosch increases stake in Ceres

Bosch increases stake in Ceres

German auto components supplier Bosch is increasing its equity stake in technology specialist Ceres Power from 4% to 18%.

Ceres said this is a significant strategic step forward in the partnership, which was established in August 2018 and follows successful collaboration on technology development and manufacturing in both the UK and Germany.

Since signing a strategic agreement in August 2018, Ceres and Bosch have been successfully collaborating in the development of fuel cell stacks for stationary power applications.

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