The announcement was planned in July. For a fixed amount of €12 million, Atawey is taking over McPhy‘s hydrogen refuelling stations business. This acquisition now brings Atawey’s fleet of hydrogen stations to 70, making the French group the European leader.

As of 17 July, more than 40 McPhy employees will join Atawey, bringing the total number of Atawey employees to 145. At the same time, Atawey is acquiring a high-performance industrial facility, with an additional production area of more than 2,400 m2 and four test areas. With a capacity of more than 80 stations a year, Atawey will be able to respond more quickly to its backlog of orders (worth nearly €25 million).

“This acquisition represents a major opportunity for our growth,” says Pierre-Jean Bonnefond, CEO and co-founder of Atawey. And added “In industrial terms, we will benefit from the expertise of experienced production teams, a significant increase in our production capacity, and the acquisition of equipment already used for manufacturing and testing hydrogen stations. On the technical and technological front, we will be making continuous improvement our guiding principle. Thanks to the exchange of knowledge, the adoption of best practices from both companies, and our combined experience of more than 25 years, we will be able to position ourselves among the industry leaders in France and Europe.”

Atawey will benefit from the international experience of McPhy’s teams in Europe’s growth markets. In addition, the two companies will work together to carry out all current projects and ensure the continuity of services associated with the stations already installed prior to the takeover (40 stations). McPhy will remain alongside Atawey for project monitoring.

You can find out more about Atawey here and about McPhy there.