BALLARD ANNONCE L'ACQUISITION DU BRITANNIQUE GEOPURA POUR STIMULER SA CROISSANCE FUTURE ET TRANSFORMER BALLARD EN UN FOURNISSEUR D'ÉCOSYSTÈME INTÉGRÉ D'HYDROGÈNE

Ballard Power Systems Inc. has announced the acquisition of GeoPura Limited, a provider of zero-emission hydrogen energy solutions, for an initial purchase price of £275 million (approximately $400 million). The deal, which was finalized on June 24, 2026, aims to expand Ballard's business model and generate recurring revenue streams. The total enterprise value of the transaction, including the assumption of GeoPura's net debt, amounts to £301.1 million.

This strategic acquisition is designed to enhance Ballard's energy services offerings, positioning the company as a vertically integrated provider of Energy as a Service (EaaS). The combined capabilities will include hydrogen production, distribution, logistics, refueling, fuel cells, and stationary power generation. By integrating these services, Ballard anticipates generating higher revenue per megawatt and establishing a robust potential for recurring revenue. The transaction also builds on a longstanding partnership between the two companies, where Ballard has supplied fuel cell engines for GeoPura's hydrogen production units.

Founded in 2019 and based in the UK, GeoPura has rapidly developed a growing business focused on the development, rental, and sale of hydrogen-powered energy units. The company operates three production sites, including a 50% stake in HyMarnham Power, and serves a diverse clientele that includes major organizations such as the BBC, Disney, and the UK Ministry of Defence. GeoPura's technology is characterized by its reliability, instantaneous responsiveness, low noise levels, and zero emissions, making it a competitive and independent solution for a wide range of end markets.

The acquisition is expected to facilitate Ballard's path to profitability by 2028, with projected annual EBITDA synergies of $25 million. The initial purchase price will be financed through a combination of cash and the issuance of approximately 50.8 million shares of Ballard common stock to GeoPura's shareholders. Additionally, a contingent consideration of up to £27.5 million may be payable based on specific financial milestones achieved by GeoPura post-acquisition.

This transaction reflects broader trends in the energy sector, particularly the growing emphasis on sustainable and renewable energy solutions. As the demand for reliable, zero-emission power sources increases, Ballard's acquisition of GeoPura positions it to capitalize on this transition. The integration of GeoPura's innovative hydrogen solutions with Ballard's established fuel cell technology is likely to accelerate revenue growth and enhance operational efficiencies, reinforcing the company's competitive position in a rapidly evolving market.