Ballard Power Systems has completed its acquisition of UK-based GeoPura, combining Ballard’s hydrogen fuel-cell technology and global presence with GeoPura’s Hydrogen Power Units, green-hydrogen production, compressed-hydrogen distribution and Energy-as-a-Service model. The transaction includes £275 million in initial consideration, comprising £82.5 million in cash, 49,584,212 newly issued Ballard common shares and restricted share units convertible into 1,084,540 additional shares within 12 months. Former GeoPura shareholders will own about 14.1% of Ballard’s outstanding common shares and may receive up to £27.5 million in additional contingent consideration tied to financial targets. Andrew Cunningham becomes Ballard’s President and joins its board with Lord Richard Harrington, while GeoPura’s Hydrogen Power Units provide off-grid electricity with reliability of about 99.9999%.