Ballard Power Systems to Acquire XCELLSIS and Ecostar

Ballard Power Systems Inc., together with DaimlerChrysler AG and Ford Motor Co., announced an agreement for Ballard to acquire DaimlerChrysler's XCELLSIS unit and Ford's Ecostar Electric Drive Systems unit. The acquisitions will consolidate fuel cell engine and electric drive train capabilities into Ballard, making the automakers committed to Ballard as their fuel cell engine supplier.

“Ballard Power Systems Inc. of Vancouver, together with DaimlerChrysler AG and Ford Motor Co., have announced an agreement whereby Ballard will acquire DaimlerChrysler’s XCELLSIS and Ford’s Ecostar Electric Drive Systems units.”

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