Hyzon plans expansion in Europe with purchase of Orten Group
By Jim Gibbins - 28th July 2022
Orten & Hyzon electric trucks - Hyzon signs agreement to buy Orten
USA / Germany - June 13, 2022 saw Hyzon Motors Inc (NASDAQ: HYZN) of Rochester, New York, USA - a supplier of zero-emissions hydrogen and fuel cell powered commercial vehicles – sign a definitive agreement to acquire the Orten Group including ORTEN Betriebs GmbH (a manufacturer of truck and trailer bodies for the beverage industry) and subsidiaries, and e-truck builder, ORTEN Electric Trucks GmbH. (Since March 2020, Orten Electric Trucks has been operating a new production facility in Wittlich-Wengerohr to scale up its electrically driven refrigerated converted vehicles from 3.5t gvw vans to 18t gvw trucks).
Hyzon says that through this transaction, which it expects to conclude during the fourth quarter, 2022, it plans to establish an operational footprint and gain customer access to the attractive German zero emission truck market, including expansion of electrification and powertrain kit expertise and assembly capacity.
