Kraftanlagen Group has purchased Switzerland-based Diamond Lite SA, a company specialising in hydrogen gas generation plants.
Contract signing and the closing of the purchase contract took place in Olten, Solothurn, Switzerland, on 30 June.
The procurement continues the group strategy of further developing Kraftanlagen Group’s market presence in energy services and targeted investment in growth sectors.
This move comes against the background of a progressive decarbonisation of society. The expectation is that sectors previously dominated by fossil fuels such as mobility and heating/cooling will be increasingly supplied with combustibles and fuels generated from CO²-neutral and renewable electric power. These cross-sector solutions referred to as ‘power-to-gas’ open up new business horizons.
Kraftanlagen Group is currently expanding its portfolio of decentralised power generation systems to include power-to-gas production facilities, and will offer commensurate planning and turn-key solutions for European industrial customers.
The acquisition of Diamond Lite provides access to leading market expertise and state-of-the-art PEM electrolysis technology.