Hexis has lift off

Hexis AG is set for take-off with a new industry partner. As the previous parent company Viessmann announced, it has sold the manufacturer of solid oxide fuel cells (SOFC) based in the Greater Zurich Area to the Dresden-based firm mPower AG with effect from June 1, 2020.

mPower is part of the Indian h2e Power Systems owned by the entrepreneur Siddharth R Mayur. The h2e Group is active across 18 countries. It has set a target of producing and integrating fuel cell systems in India, while it is also planning to thereby establish energy supply solutions to provide cost-effective, reliable and environmentally friendly energy in various industrial sectors and regions.

The new owner Mayur has high expectations for Hexis. “With the acquisition of Hexis, we have not only inherited a great team but also a very strong foundation to develop world class products at competitive prices”, he stated in the press release.

Alexander Schuler, CEO of Hexis AG, discussed the aims of the new owners: “We are very pleased that with mPower and h2e we will be able to take our SOFC product to market and also work with mPower’s SOEC (Power to Fuel) technology platform. This partnership will enable Hexis to become an important player in the transition towards the hydrogen economy”.

Viessmann is to remain as anchor customer of Hexis. The German manufacturer of heating and cooling devices had previously announced in March that it was planning to close Hexis, although has since advanced the search for a new industry partner.