Blue World Technologies acquires globally recognised manufacturer of fuel cell components to strengthen its market position
Blue World Technologies, developer and manufacturer of methanol fuel cells, is acquiring Danish Power Systems, a 25-year-old HT-PEM material research company. On 29 December 2020, the respective general assemblies at Blue World Technologies and Danish Power Systems approved a combination of the two companies, whereby Danish Power Systems is acquired by and subsequently merged into Blue World Technologies to strengthen the market position of Blue World Technologies. The transaction follows the acquisition Blue World Technologies made in August 2019, where the company initially