Hydrogen fuel pioneer Arcola Energy, which was one of the first occupants at the Michelin Scotland Innovation Parc in Dundee, has been acquired by a Canadian company.

Arcola has agreed a cash and shares offer from Nasdaq-listed Ballard Power Systems worth up to $40m (£30m).

London-based Arcola is establishing its main manufacturing facility at MSIP and also has a rail engineering facility at the Boness and Kinneil Railway. It currently has 90 employees in the UK.
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