John Cockerill S.A. propose to acquire Assets and Activities of McPhy from McPhy Energy S.A. (ENXTPA:ALMCP) on June, 2025. John Cockerill Hydrogen has emerged as the winning bidder for the takeover of French electrolyser manufacturer McPhy Energy. As part of the judicial reorganization proceedings, the Court appointed John Cockerill Hydrogen as the buyer of a significant part of McPhy's activities and assets (notably the Belfort Gigafactory, as well as its technologies and intellectual property), along with more than 70% of its French employees, i.e., 51 out of a total workforce of 71.

John Cockerill S.A .completed the acquisition of Assets and Activities of McPhy from McPhy Energy S.A. (ENXTPA:ALMCP) for ?0.6 Million on July 8, 2025.