Air Liquide Divests Stake in Hydrogenics Corporation to Cummins

Divestment Air Liquide Divests Stake in Hydrogenics Corporation to Cummins

2023-07-04 Source: Press release Air Liquide 1 min Reading Time

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Air Liquide has given up its minority stake of 19 % in Hydrogenics Corporation, a fuel cell and hydrogen production technologies provider, to Cummins who owns 81 % of the company.

Paris/France – Air Liquide has sold its 19 % stake in the fuel cell and hydrogen production technologies provider Hydrogenics Corporation to Cummins, who owns the remaining 81 % of the company. With a large portfolio of technologies, Air Liquide is more than ever committed to the development of hydrogen and the Group is a leader in developing and operating large scale electrolyzers.

This divestment reflects Air Liquide's strategy of regularly reviewing its business portfolio.

Under Cummins’ full ownership, Hydrogenics will remain one of Air Liquide’s suppliers for electrolyzer projects.

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