The acquisition comes in the shape of Fluitron, a group that is well positioned for the rapid growth anticipated in the coming years as the need for hydrogen infrastructure increases.
The group has close relationships with leading company’s embedded in the hydrogen economy and thus Ara sees the group as a perfect candidate to expand and build into a leading global integrated hydrogen infrastructure platform.
What makes this significant is that the group already has a large presence in leading hydrogen nations such as the US, Canada, India, China, Japan and South Korea.
Tuan Tran, a Partner at Ara Partners, said, “We believe in hydrogen’s potential to decarbonise multiple industries, and Fluitron will play a key role in the energy transition.
“Fluitron has an exceptional track record of providing high-quality compression equipment and services to its global array of customers, and its expertise in diaphragm compressors positions it to take advantage of the demand for secure, high-pressure compression needs for hydrogen dispensing and storage infrastructure.”
Tony Chiccarine, President of Fluitron, said, “For over 45 years, Fluitron has provided our longstanding customers with engineering customised gas compression equipment.
“This year alone, we have been working on a record number of hydrogen compression products, and we’re confident that Fluitron will continue to grow at a rapid clip over the next decade.
“Fluitron and Ara have a strong strategic alignment with our mutual focus on the hydrogen economy, and this partnership will allow us to rapidly scale a global one-stop shop of hydrogen compression and storage infrastructure.”
US DOE, General Motors, Microsoft and Plug Power
What does the US Department of Energy (DOE), General Motors, Microsoft and Plug Power have in common? They’re all speaking at H2 View’s North American Virtual Hydrogen Event in October. Will you be joining us on October 19?
North America is in a prime position to lead efforts in decarbonisation, but it still has great distances to travel. The region has been giving chase in a race to green hydrogen dominated by Europe and Asia-Pacific. If policymakers and industry can work together and take the right steps to realise a hydrogen vision, the region is perfectly placed to expand its global energy leadership at scale and speed.
What lessons can be learned from Europe’s policymakers? What are the challenges to be overcome? What are the strengths and opportunities? How can North America go from giving chase to taking a lead in hydrogen? These are all questions our virtual event will address across H2 View’s four pillars of Mobility, Power, Policy and Technology.
Further information on the event, agenda and confirmed speakers can be found here.
To book your virtual delegate pass, click here.