ODASCO LLC acquired Heliocentris Italy s.r.l. and material assets of Heliocentris Fuel Cell Solutions GmbH and Heliocentris Industry GmbH from Heliocentris Energy Solutions AG (XTRA:H2FA) on January 12, 2017. Upon completion, ODASCO LLC will be renamed as ODASCO-Heliocentris Europe GmbH. The sale of the business involves retaining a large portion of the jobs at the sites in Munich and Stuttgart, as well as the transfer of assets and business shares in Heliocentris Italy s.r.l. The transaction is subject to approval of the creditors committee of Heliocentris Energy Solutions AG and Heliocentris Industry GmbH. The transaction was approved by the creditors committee. Joachim Voigt Salus acted as insolvency administrator. ODASCO LLC completed the acquisition of Heliocentris Italy s.r.l. and material assets of Heliocentris Fuel Cell Solutions GmbH and Heliocentris Industry GmbH from Heliocentris Energy Solutions AG (XTRA:H2FA) on January 12, 2017.