Core Insights - Fusion Fuel Green PLC has signed a non-binding letter of intent to acquire 100% of a privately held British fuel distribution company for a total consideration of £50 million [1][2] - The acquisition is expected to significantly expand Fusion Fuel's presence in the energy distribution sector, aligning with its strategic objectives [3][4] Financial Details - The total consideration for the acquisition includes £25 million in cash funded through debt financing, £2 million from a capital raise, £8 million in the company's shares, and two additional cash payments of £7.5 million each within nine and eighteen months from closing [2] - The Target reported over 4 million in net income for 2023, with strong growth in 2024 generating over 7 million in net income [3] Strategic Objectives - The proposed transaction reflects the company's progress in executing its growth strategy, which includes building a synergistic portfolio of profitable and cash-generating businesses across the energy value chain [4] - The acquisition would enable Fusion Fuel to broaden its geographic presence into a key new market while significantly increasing revenues and profitability [4] Company Overview - Fusion Fuel Green PLC is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands [5]
Fusion Fuel Signs Non-Binding Letter of Intent to Acquire British Fuel Distribution Company