VISCHER advised Sunfire on this transaction.
Sunfire GmbH, the Dresden based leader in green hydrogen, has acquired IHT Industrie Haute Technologie SA, a Swiss alkaline electrolysis company.
With this expansion of its product portfolio, Sunfire continues to strengthen its position as a world-leading industrial electrolysis company.
The acquisition sees Sunfire take a 100 % stake in IHT. The company’s headquarters in Monthey, Switzerland, will continue to play an important role in the production of the stacks, which are the main component of the high-pressure alkaline electrolysers. In total, 240 MW of electrolysers were built based on IHT technology – the equivalent of more than 50,000 Nm3/h of hydrogen production. This year, IHT will supply and install Europe’s largest single-stack alkaline pressurised electrolyser to help regulate the power grid and produce green hydrogen for a project partner in Tyrol.
Established in 2010 and based in Dresden, Germany, Sunfire is a world-leading industrial electrolysis company with two differentiated technologies. They develop and manufacture electrolyzers based on SOEC and Alkaline technologies that enable a truly sustainable and cost-effective production of renewable hydrogen, syngas and e-Fuel.
IHT Industrie Haute Technology SA (IHT), based in Monthey, Switzerland, is engaged in the design, manufacturing and overhauling of water high-pressure electrolysers for the mass production of hydrogen.
The Vischer team was led by Gian-Andrea Caprez (Picture) and included Vincent S. Reardon, Christian Gutzwiller, Christoph Niederer, Veysel Oruclar and Jeannine Dehmelt.
Involved fees earner: Gian-Andrea Caprez – VISCHER AG; Jeannine Dehmelt – VISCHER AG; Christian Gutzwiller – VISCHER AG; Christoph Niederer – VISCHER AG; Vincent Reardon – VISCHER AG; Veysel Oruclar – VISCHER AG;
Law Firms: VISCHER AG;
Clients: Sunfire GmbH;