exceet Group Acquires APEX Group to Develop and Operate ‚Green‘ Hydrogen Electrolysis Plants

exceet Group Acquires APEX Group to Develop and Operate ‚Green‘ Hydrogen Electrolysis Plants

The exceet Group has announced the acquisition of APEX Group, a developer and operator of “green” hydrogen electrolysis plants from Rostock. As part of the agreement, exceet will take over all APEX shares: 20.8% for a cash purchase price of 25 million euros and 79.2% for the issuance of almost 16.3 million new exceet shares as part of a contribution in kind. APEX is to receive 87 million euros – 70 million euros are to flow into the project pipeline and the rest is to be used to pay off debts. The combined group is expected to become an internationally established project developer and operator of „green“ hydrogen electrolysis plants, using renewable energy sources such as solar or wind energy. In addition, a long-term management incentive program has been agreed upon, which provides for the issuance of up to 3.64 million stock options under which eligible persons may subscribe up to 3.64 million new shares subject to the agreed exercise price and vesting conditions.

Hydrogen as a Fuel Source

Hydrogen is a clean and renewable energy source that can be used to power vehicles, generate electricity, and heat homes. It is the most abundant element in the universe and can be produced from a variety of sources, including water and biomass. Unlike fossil fuels, hydrogen does not produce emissions when burned and can be safely stored for long periods of time. In addition, it is an efficient fuel source that can be used to power cars with higher efficiency than gasoline or diesel engines. Hydrogen-powered vehicles are becoming increasingly popular due to their environmental benefits, cost savings, and convenience.
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Picture source: Appolinary Kalashnikova


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