Swedish company Metacon has completed the acquisition of several assets from Hynion Sverige AB, a company recently declared bankrupt. The transaction includes new equipment intended for hydrogen refuelling stations, initially valued at SEK67mn ($6.13mn), for a purchase price of SEK3.5mn ($320,000). This acquisition comes five months after the bankruptcy declaration of Hynion Sverige AB, the Swedish subsidiary of Norwegian-listed firm Hynion AS.
A strategy focused on integrating ongoing projects
The equipment acquired by Metacon includes high-quality technical components for hydrogen stations currently under construction. The deal enables Metacon to economically supplement existing installations and secure critical parts for aftermarket support. The company also plans to resell certain components to partially finance the acquisition.
Active in the hydrogen market, Metacon is already developing several refuelling station projects. The integration of assets from Hynion’s liquidation is expected to accelerate project timelines while reducing supply chain costs.
A changing market after a period of stagnation
According to statements by Christer Wikner, President and Chief Executive Officer of Metacon, the company is seeing positive developments in the market, with increasing demand for decarbonised hydrogen and refuelling infrastructure, particularly in the transport sector. He noted that this transaction allows Metacon to better position itself in a market that is taking shape.
The asset recovery in a bankruptcy context also reflects the efforts of industrial players to streamline investments while continuing development plans. Hynion Sverige AB’s bankruptcy was made public on May 19, marking a setback for the company’s operations in Sweden.
