General Electric Co.

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Mergers / Acquisitions

Hyliion Acquires Hydrogen And Fuel Agnostic Generator Technology From GE

Published: 08/25/2022 11:54 GMT
General Electric Co. (GE) - Hyliion Acquires Hydrogen and Fuel Agnostic Generator Technology From Ge.
Hyliion - With an Acquisition Value of About $36 Million, GE Will Receive $15 Million in Cash and About $21 Million in Hyliion Stock.
Hyliion - Will Acquire Generator Technology and Integrate the Cincinnati-based Engineering Team That Created the Karno System From GE Additive Into Co.
Hyliion - Will Also Explore Other Adjacent Markets to Leverage the Generator Technology for Cost Savings and Emissions Reductions.
Hyliion - in Late 2023, Co Plans to First Release Hypertruck Erx Powertrain, Which Leverages a Natural Gas Engine As the Generator Onboard.
Further Company Coverage: Gen ((reuters.