PowerCell Sweden AB has been informed that the German company Robert Bosch GmbH has acquired all Midroc New Technology’s shares in PowerCell Sweden AB. In total 5,848,531 shares, representing 11.3 percent of the votes and capital in PowerCell, has been acquired.
Midroc New Technology is a venture capital company within Midroc Europe, an international company group headquartered in Stockholm. Midroc New Technology has been an owner in PowerCell since 2008 but has gradually decreased its ownership in the company over the last couple of years.
PowerCell and Robert Bosch GmbH signed a joint development and licensing agreement in April regarding the fuel cell stack PowerCell S3 for the automotive segment.