FRIEDRICH VORWERK Group SE (DB:VH2) is looking for acquisitions. On March 23, 2021, the company priced its initial public offering (IPO) on the stock market in Frankfurt at €45 per share, targeting gross proceeds of €90 million ($106.8 million). The proceeds from the transaction will be invested in the development of solutions for the large-scale production, transportation and storage of hydrogen as well as its international expansion and acquisitions.