Ballard Power ties up acquisition of venture-backed Protonex
Canadian clean energy products company Ballard Power Systems Inc (TSX: BLD) has closed its previously-announced acquisition of Protonex Technology Corp. The transaction had a total value of $30 million. Based in Southborough, Massachusetts, Protonex is a manufacturer of advanced power management products and portable fuel cell solutions. Founded in 2000, it was backed by a number of venture capital investors, including Commons Capital, Conduit Ventures, In-Q-Tel, Solstice Capital and Windsail Capital Group.
1 October 2015•4 mins read
