Nel ASA: Signed final agreement to acquire Proton OnSite – extended announcement
(Oslo, 28 April 2017) Reference is made to the stock exchange announcement made by Nel ASA ("Nel") on 27 February 2017 regarding the signed letter of intent to acquire Proton Energy Systems, Inc. ("Proton OnSite"). Following satisfactory due diligence, Nel has today signed a final and binding share purchase agreement with the F9 Investments LLC, the shareholder of Proton OnSite, to acquire 100% of the shares of Proton OnSite (the "Transaction"). This will make Nel the world's largest manufacturer of water electrolysers for hydrogen production, offering both alkaline and PEM electrolysers