PLUG - Mergers and acquisitions

BENTONVILLE, Ark., June 8, 2022 /PRNewswire/ -- Electra.aero, Inc. (Electra), a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, announced today that it has acquired California-based Airflow.aero, Inc. (Airflow). The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM) market. The announcement was made at the UP.Summit, an annual gathering of leaders in transportation innovation hosted by investment firm UP.Partners. The acquisition places Electra's or

LATHAM, N.Y., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced that it has signed a collaboration agreement with Atlas Copco Mafi-Trench Company LLC, the turboexpander technology center within the Gas and Process division of Atlas Copco, and Fives, a global leader in brazed heat exchangers and cryogenic cold boxes, to jointly develop hydrogen liquefaction plants (also known as hydrogen liquefiers). Liquifying hydrogen makes it easier to transport, leading to significant cost savings and broader distribution coverage. Today's collaboration announcement closely follows Plu

LATHAM, N.Y., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, completed the acquisition of Frames Group, a leader in turnkey systems integration for the energy sector, following the definitive agreement announced on Nov. 9, 2021. The acquisition of Frames Group adds engineering, process, and systems integration expertise to Plug Power, enabling the company to scale the delivery of green hydrogen solutions. "We are thrilled to welcome today 300 new employees within Plug Power, and to expand our presence globally, with employees in the Netherlands, India, the United Emirates, Malaysia

LATHAM, N.Y., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, completed the acquisition of Applied Cryo Technologies, Inc., a leading provider of technology, equipment and services for the transportation, storage and distribution of liquefied hydrogen and other cryogenic gases, following the definitive agreement announced on October 14, 2021. The acquisition of Applied Cryo Technologies adds significant capabilities, expertise, and technologies to Plug Power, including a liquid hydrogen delivery network and fleet, liquid hydrogen storage, and hydrogen mobility fueling, which will enabl

LATHAM, N.Y., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, signed a definitive agreement to acquire Frames Group, a leader in turnkey systems integration for the energy sector. With over 35 years of experience, Frames designs, builds, and delivers processing equipment, separation technologies, flow control and safeguarding systems, for water and renewable energy solutions. Headquartered in the Netherlands, Frames has about 300 employees located largely in Europe and India. Plug is building a hydrogen ecosystem by systematically adding complementary strengths and capabilities through