At what enterprise value was GEOPURA acquired in 2026?

During the acquisition of GEOPURA by BALLARD POWER SYSTEMS in 2026, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of GEOPURA when it was acquired by BALLARD POWER SYSTEMS?

The exact EV/EBITDA multiple for GEOPURA is available on mynth capital. Join our community for free to access full valuation data and industry trends.

When was GEOPURA acquired by BALLARD POWER SYSTEMS?

GEOPURA was acquired by BALLARD POWER SYSTEMS in 2026.

What was the revenue of GEOPURA at the time of the deal?

The revenue of GEOPURA at the time of the deal is estimated to be in the range of 25M - 50M GBP. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the GEOPURA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the GEOPURA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.ballard.com/press-release/ballard-announces-acquisition-of-uk-based-geopura-powering-future-growth-and-transforming-ballard-into-an-integrated-hydrogen-ecosystem-provider/

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Home DatabaseGEOPURA

06/2026

GEOPURA acquired by BALLARD POWER SYSTEMS

UNITED KINGDOM Power Generation / Renewables EV 300M - 700M GBP

Context

Ballard Power Systems has entered into a definitive agreement to acquire GeoPura, a UK-based specialist in hydrogen energy solutions. This transaction marks a significant transformation of Ballard's business model, evolving from a fuel cell technology provider to a fully integrated player covering the entire hydrogen energy value chain. The strategic rationale is based on the strong complementarity between the two companies. Ballard's fuel cell technologies already power GeoPura's electric generation units, with the two companies having collaborated for several years. The acquisition brings together, under one platform, hydrogen production capabilities, supply chain logistics, refueling infrastructure, fuel cells, and stationary power generation solutions. The transaction also provides Ballard with immediate access to the rapidly growing market for decarbonized stationary energy. GeoPura's solutions are already deployed in various sectors, including construction, critical infrastructure, defense, media, events, and data centers, offering significant diversification beyond Ballard's historical hydrogen mobility markets. Beyond expanding its scope of activities, Ballard anticipates substantial operational synergies through vertical integration and increased value capture per megawatt deployed. The combined entity aims to develop an "Energy-as-a-Service" model, based on recurring revenues from equipment leasing, hydrogen supply, and associated services, while benefiting from growing public policy support for energy decarbonization.

GEOPURA, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

GeoPura is a UK-based company specializing in zero-emission hydrogen energy solutions. Founded in 2019, the firm has developed an integrated model that combines hydrogen production, fuel supply, associated logistics, and the operation of fuel cell-powered electric generation units. This enables the delivery of reliable and decarbonized energy to sites lacking a suitable electrical connection or requiring critical backup power. The company is particularly recognized for its Hydrogen Power Units (HPU), hydrogen-powered electric generators that offer a cleaner alternative to traditional diesel generators. These systems are used in a variety of demanding environments, including construction sites, events, critical infrastructure, healthcare facilities, defense applications, and audiovisual productions. GeoPura has created a comprehensive ecosystem around its energy solutions, encompassing hydrogen production and supply, allowing it to provide clients with a turnkey offering. The company boasts a diversified client base comprising major industrial groups, construction companies, technology firms, and public sector organizations. Its positioning is built on operational reliability, emission reduction, minimal noise pollution, and the ability to provide continuous electrical power in critical environments.

Ent. Value

Equity Value

Multiples

FREE VIEW

EV / Revenue

7.9x

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2026

2025

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REFERENCES

Valuation range: EV 300M - 700M GBP

Revenue range: 25M - 50M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GEOPURA by BALLARD POWER SYSTEMS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: geopura

Acquirer: ballard power systems