Acquisition in Fuel Cell Test Market

January 13, 2003 [] Hydrogenics Corporation, a designer and manufacturer of fuel cell technology, has acquired Greenlight Power Technologies, Inc., its principal competitor in the fuel cell test business. The transaction is valued at approximately US$19 million. The acquisition will enable Hydrogenics to consolidate its industry position in the fuel cell testing business, while creating additional capacity and aligning dedicated resources to its fast-growing fuel cell power products business.
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