Ballard Power Systems Inc. (Canada) announced that it has completed its acquisition of the carbon products business unit of Textron Systems (Wilmington, MA). The deal was closed for $12.8 million on May 25, 2001. The acquired business, now known as Ballard Material Products Inc., is a wholly owned subsidiary of Ballard Power Systems.
Ballard’s new business unit develops and manufactures a variety of carbon materials for automotive and fuel cell applications, including a gas diffusion layer for use in PEM fuel cells.
