– by Tom Käckenhoff and Christoph Steitz
Dusseldorf/Frankfurt (Reuters) – The Thyssenkrupp hydrogen subsidiary, which is striving to go public, may also want to drive its growth with acquisitions.
“There are other technologies in the market that can offer competitive advantages in certain areas and complement ours,” ThyssenKrupp Nucera CFO Arno Pfannschmidt said in an interview with Reuters news agency on Monday. This follows his company in a technology radar. “If we are convinced that there is something that complements our portfolio, we can also enter into partnerships, conclude licensing agreements and also make acquisitions.
Thyssenkrupp gave the go-ahead for the long-planned partial IPO on Monday. Before the summer break, this should be brought to the stage. The issue is intended to bring Nucera 500 to 600 million euros through a capital increase, which the company intends to use to expand its business. Nucera develops plants that produce green hydrogen, which plays a key role in the energy transition.
“The time for an IPO is ripe,” CEO Werner Ponikwar told Reuters. “We also want to sharpen our profile with it.” The plans for a partial IPO dragged on because of the uncertain market environment with crises such as the corona pandemic, supply chain problems and the Russian invasion of Ukraine. Nucera is currently seeing an acceleration in the market ramp-up, explained Ponikwar. The ramp-up of the hydrogen economy is also gaining momentum thanks to government subsidies in both the USA and Europe. Nucera wants to expand its capacities. The company currently has capacities in the entire value chain of a good one gigawatt. By 2025, this should be increased to five gigawatts. “The necessary funds are also included in our budget planning.”
(Edited by Olaf Brenner. If you have any questions, please contact our editorial team at [email protected] (for politics and the economy) or [email protected] (for companies and markets).)
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