It also works the other way round: While mostly large US corporations take over foreign companies, in this case it is a German company that has bought up ViCTORi, LLC. At the beginning of July, the Eberspächer Group announced that it had acquired 100 per cent of the North American compressor manufacturer from Boulder, Colorado. With this step, the automotive supplier from Esslingen secured access to the worldwide hydrogen and fuel cell market.
FuelCell Energy – Figures not yet convincing
The numbers for the fourth quarter of fiscal 2022 (start Oct. 31, 2021): Turnover indeed rose 88% year-over-year to make 130.5 million USD in fiscal year 2022 (39.2 million USD in Q4 compared to 13.9 million USD year-over-year), however the reported loss of minus 147.2 million USD should be viewed critically. With the turnover, in my view, special factors like … Read more