Acquisition of Proton Energy Systems Inc. (Proton OnSite) (US) by Nel ASA (NO) — USD 70 million

Carnegie acted as adviser to Nel ASA in the acquisition of Proton OnSite. Nel is global a supplier of hydrogen solutions, covering the entire value chain from hydrogen production technologies to hydrogen refuelling stations for fuel cell electric vehicles. Proton OnSite is a hydrogen technology company based in Connecticut U.S. June 2017.