Fusion Fuel Green Expands with Quality Industrial Acquisition

Fusion Fuel Green, a leader in green hydrogen technology, has signed a binding agreement to acquire 70% of Quality Industrial Corp. (QIND) from its controlling shareholders. The acquisition is expected to strengthen Fusion Fuel’s position in the energy engineering sector, broadening its capabilities in both traditional and clean energy markets. QIND, headquartered in the UAE, boasts a robust gas supply and services sector with a significant client base in the Middle East. This partnership is projected to yield synergies between Fusion Fuel's hydrogen engineering expertise and QIND's gas value chain operations, opening new opportunities for both entities in global markets. The transaction will see Fusion Fuel issue a mix of ordinary shares and convertible preferred shares to QIND sellers, who in turn will hold a significant stake in Fusion Fuel. This strategic move aligns with Fusion Fuel’s long-term growth objectives, aiming to adapt to evolving market demands and enhance their service offerings in the clean energy sector. The acquisition is subject to shareholder approval and regulatory conditions, with plans to integrate the new business seamlessly into Fusion Fuel’s operations.