Supplier of zero-emission hydrogen and fuel cell-powered commercial vehicles, Hyzon Motors announced it is acquiring the German manufacturer, ORTEN Betriebs GmbH and its subsidiary ORTEN Electric Trucks GmbH.
Revealed on Monday (June 13), the acquisition is set to bring three operational production facilities and over 80 employees under the Hyzon umbrella, with the transaction expected to close in Q4 of 2022.
The deal is hoped to allow Hyzon to offer comprehensive solutions for customers transitioning fleets to zero emissions vehicles, utilising both Hyzon’s and ORTEN’s product lines, combined with the ORTEN made body and powertrain kits.
ORTEN Group, manufacturers of truck and trailer bodies for the beverage industry, has nearly a century’s worth of experience, and in recent years focused on the electrification of new and used commercial diesel vehicles.
H2 View understands, vehicles up to 26-tonnes can be converted to ORTEN’s existing offering of battery electric vehicles, with operational requirements of medium and heavy-duty vehicles able to be met with Hyzon’s fuel cell electric vehicles (FCEV).
Craig Knight, CEO of Hyzon Motors, said, “We are proud to grow our team and our reach through such an esteemed and innovative provider of solutions in German logistics.
“We look forward to working with the ORTEN team to accelerate Germany’s move to zero-emissions through hydrogen fuel cell technology, and to deepen the customer relationships ORTEN has in the beverage industry to include the potential of Hyzon FCEVs.”
Robert Orten, Owner and CEO of the ORTEN Group, said, “Looking back on a history of nearly 100 years of bringing innovative solutions to our commercial and municipal customers, we are happy and proud to join forces with Hyzon to build a better future.
“Being a first mover in the field of battery electric trucks, we now have the opportunity to scale up our proprietary electrification and body building know-how. I would like to express my gratitude to my employees, customers and suppliers and look forward to a successful cooperation with Hyzon.”
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