Hyzon Motors acquires Orten Betriebs and Orten Electric Trucks
With these acquisitions, Hyzon is focusing on the German zero emissions freight truck market.
Hyzon Motors, a supplier of zero-emissions hydrogen and fuel-cell powered commercial vehicles, has made an announcement about the signing of a definitive agreement to acquire Orten Betriebs GmbH and subsidiaries, and Orten Electric Trucks GmbH, German manufacturers of truck and trailer bodies for the beverage industry.
The transaction is anticipated to close in the fourth quarter, 2022.
Hyzon says the acquisition brings three completely operational production facilities and a team of over 80 employees under the Hyzon umbrella. Orten’s employees are experienced in electrification, retrofitting, and bodybuilding, all critical elements of Hyzon’s FCEV build process. In addition to this, Orten management has extensive, long-standing customer relationships across Germany.
Hyzon maintains the complementary product lines between Hyzon and Orten, in combination with Orten’s body and powertrain kits, provide a solution for customers transitioning their fleets to zero emissions: vehicles up to 26 tons can be transitioned to Orten’s existing offering of battery electric vehicles, while the operational requirements of medium- and heavy-duty vehicles can be met with Hyzon’s FCEVs.