Sunfire and Staxera Complete Merger, Add Investors for Fuel Cell Development
Sunfire GmbH has completed its planned merger with staxera GmbH. The corresponding entry filed in the Commercial Register by Dresden District Court backdates the merger of staxera GmbH and sunfire GmbH to the 1st of April 2012. The new company will operate as sunfire GmbH and continue to be headquartered in Dresden.
The merger enables new shareholders Bilfinger Venture Capital GmbH and KfW to come on board, and ensures a consistent corporate image on the market and simplifies internal organizational processes. The weight and value of the staxera brand will not be lost, as it will continue to be used as a product name within the framework of fuel cell applications. Carl Berninghausen and Christian von Olshausen will retain their roles as Chief Executive Officer and Chief Technology Officer respectively.
Sunfire develops and markets future-oriented, efficient energy supply concepts based on closed carbon cycles. Their product portfolio includes power-to-gas and power-to-liquids systems featuring high-temperature solid oxide electrolysis cells (SOECs). sunfire products are founded on the many years of development experience gained by staxera GmbH — a manufacturer of stacks and modules consisting of high-temperature solid oxide fuel cells (SOFCs).
There will be no changes to interactions with clients and suppliers. Existing contacts remain in force and all agreed terms and conditions retain their validity in their current form. sunfire GmbH is the legal successor to all existing contracts involving staxera GmbH and sunfire GmbH.
