NEL ASA: NEL to acquire RotoLyzer®
(Oslo, 13 August 2015) NEL ASA (“NEL”) has entered into a binding agreement to acquire RotoLyzer® – a potential game changer within the field of electrolyser technologies. NEL will acquire RotoBoost H2 AS, a subsidiary of RotoBoost AS, which holds all assets related to the RotoLyzer®, a compact water electrolyser that is scalable from small to large installations. The transaction combines an upfront cash payment with milestone and royalty payments. The parties have agreed not to disclose the terms of the transaction. “The technology is fundamentally different from all other products