Clean tech startup h2e Power Systems has acquired Swiss fuel cell company Hexis AG from Viessmann Group while Infibeam Avenues has fully acquired Bengaluru-based Cardpay Technologies Limited.
h2e Power Systems acquires Hexis AG
h2e Power Systems routed the transaction through its German subsidiary mPower. Financial details of the deal were not disclosed.
“In keeping with the group’s commitment to climate change and clean energy, the acquisition of Hexis is an important milestone. We will create a global footprint and locally produce zero emission power generators in Pune,” h2e Power Systems Chairman Adar Poonawalla said.
Infibeam Avenues buys Cardpay
In a statement, Infibeam said the acquisition of Cardpay boosts its payment credit services business with a comprehensive credit issuance portfolio, including secured and unsecured lending. Also, the acquisition makes it the only Indian player with a complete suite of payments acquiring and payments issuing products present on both sides of the digital payment transaction.
Cardpay will become a wholly owned subsidiary of Infibeam following the transaction.
Cardpay founders and its team will continue to lead the operations of its unified spend management platform and work towards the company’s objective to grow credit services and issuance business in India and globally.