Metacon is expanding into in the market for electrolysis and strengthening its sales organization
Metacon widens its offering to the market for hydrogen production by making an investment in Water2H2 AB; a Swedish company specialized on the design and delivery of electrolysis plants.Metacon has decided to invest SEK 6 million through a directed new share issue in Water2H2 AB. Metacon will initially own 20 percent of Water2H2, and has a non-binding option to acquire all shares in the company within twelve months. The purchase of the remaining shares will be based on a price linked to sales targets of Water2H2, however, with a total price not exceeding SEK 59 million. Payment will be made