Saga Pure ASA (OB:SAGA) acquired 29% stake in Hyon As from PowerCell Sweden AB (publ) (OM:PCELL) on June 29, 2021. Hyon joint venture has been owned in equal parts by PowerCell and the Norwegian companies Hexagon and Nel. Saga, Nel and Norwegian Hydrogen will each have an ownership of 29% of Hyon, and key employees will hold the remaining shares. Jorn Kristian Lindtvedt, appointed as Chief Executive Officer of the company and Harald Hansen as Director of Project Development & Commercial.

Saga Pure ASA (OB:SAGA) completed the acquisition of 29% stake in Hyon As from PowerCell Sweden AB (publ) (OM:PCELL) on June 29, 2021. The Hyon joint venture was divested for a total consideration of SEK 0.658 million.