[Press Release, PowerCell AB LINK] PowerCell Sweden AB has been informed that the German company Robert Bosch GmbH has acquired all Midroc New Technology’s shares in PowerCell Sweden AB. In total 5,848,531 shares, representing 11.3 percent of the votes and capital in PowerCell, has been acquired.
Midroc New Technology is a venture capital company within Midroc Europe, an international company group headquartered in Stockholm. Midroc New Technology has been an owner in PowerCell since 2008 but has gradually decreased its ownership in the company over the last couple of years.
PowerCell and Robert Bosch GmbH signed a joint development and licensing agreement in April regarding the fuel cell stack PowerCell S3 for the automotive segment.
About PowerCell Sweden AB
PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class power density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need. PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Stockholm with G&W Fondkommission as Certified Adviser.
About PowerCell Sweden AB
PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class power density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need. PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Stockholm with G&W Fondkommission as Certified Adviser.
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