Wednesday 21 April 2021

Hensoldt buys Mahytec to boost its hydrogen solutions business

Taufkirchen, Germany, March 3, 2021

Hensoldt, a major German player in the defence industry, said it has entered into an agreement to purchase Mahytec, a leading manufacturer of hydrogen storage tanks and renewable energy storage systems based in France. 
Once the transaction gets completed, Hensoldt will add highly innovative technologies for compressed hydrogen storage in composite tanks as well as solid storage with the metal hydrides, further complementing its portfolio of solutions to produce, store, and transport hydrogen-based regenerative energy, said the company in a statement. 
Hensoldt CEO Thomas Müller said: “Our mobile, hydrogen-based solutions secure our clients’ energy supply even in difficult to access areas or in crisis situations. With the acquisition of  we add state-of-the-art hydrogen storage technologies, which gives us an edge to address key energy challenges of the future for our customers both in defence and non-defence markets.”
Jérôme Giraud, CEO of Hensold Nexeya France, said: "We are very happy to welcome the employees of Mahytec at Hensoldt, which we already know very well from existing partnerships."
"Mahytec features a highly innovative technology portfolio in composite tanks and solid storage, which will help us to drive sustainability in highly demanding areas such as heavy mobility and aeronautical applications,” he noted.
Founded in Dole, France, in 2007, Mahytec offers specialised hydrogen storage solutions for mobile, nomadic and stationary applications. The company is one of the only providers that is able to offer compressed storage in composite tanks and solid storage with metal hydrides.
Mahytec CEO Dominique Perreux said: “We are very much looking forward to joining Hensoldt's successful journey. Our leading hydrogen storage solutions and proven experience perfectly complement the German group’s product offering in that area."
"Together with my team we are very pleased to become members of the Hensoldt family which we already know for a long time,” he added.-TradeArabia News Service


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