Nanofilm to acquire Sydrogen Energy for $15m

The takeover will be completed in November 2026.

Nanofilm Technologies International Limited has inked a sale and purchase agreement with Venezio Investments Pte. Ltd. for the $15m acquisition of Sydrogen Energy Pte. Ltd.

In a bourse filing, Nanofilm said the acquisition involves all 49 million preference shares held by Venezio in its subsidiary, Sydrogen Energy.

The transaction involves two tranches, with the first 11.67% to be completed in November 2025 and the second 23.33% to be completed in November 2026.

This is still subject to the approval of Nanofilm shareholders. After completion of both tranches, Sydrogen Energy will become a wholly owned subsidiary of Nanofilm.

"By making Sydrogen Energy a wholly owned subsidiary, we can better align its activities with our broader corporate strategy and accelerate innovation in sustainable energy solutions,” said Nanofilm CEO Dr. Shi Xu.

"With this transaction, Sydrogen Energy would have greater flexibility to move quickly and capture new opportunities across the hydrogen value chain,” said Sydrogen Energy CEO Gian Yi-Hsen