Gen-H Oy strengthens its position as a developer of renewable energy and green hydrogen production by acquiring the entire share capital of Hycro Ab. Following the transaction on September 1, 2023, Joakim Berg, the CEO of Hycro Ab, will assume the role of CTO at Gen-H Oy and become a shareholder in Gen-H.
"As part of Gen-H's operations and ongoing projects, we will be able to develop future energy solutions more efficiently and contribute to accelerating the green transition," stated CTO Joakim Berg.
"We have had a close collaboration with Hycro Ab and saw the business acquisition as a natural step towards internationalizing our services and solutions. Hycro Ab's expertise and Joakim's network of collaborators align excellently with our company's growth strategy," said Ilari Schouwvlieger, Chairman of the Board of Gen-H Oy.
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