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Matthews International Acquires Canada's Terrella Energy Systems for Undisclosed Sum

05/11/2021 07:31

11:31 AM EDT, 05/11/2021 (MT Newswires) -- Matthews International (MATW) said Tuesday it has acquired the assets of Canada's Terrella Energy Systems, a supplier of technology solutions to the hydrogen fuel cell industry, for an undisclosed sum.

Matthews International said the acquisition will expand its technology and manufacturing capabilities portfolio to serve the renewable energy market. Terrella is now part of Matthews' Saueressig Engineering business.

The stock was almost 2.7% lower in midday trading.

Price: 40.12, Change: -1.15, Percent Change: -2.79