Agility Fuel Systems and Hexagon Composites successfully close merger to create Agility Fuel Solutions
PRESS RELEASE
Agility Fuel Systems, the leader in natural gas fuel systems for commercial vehicles, and Hexagon Composites, the global leader in composite cylinders for natural gas vehicles (NGVs), have finalized their merger effective October 3, 2016. The merger unites Hexagon Composites' CNG Automotive Products Division, which includes medium- and heavy-duty vehicle composite cylinder manufacturing operations and its bus systems, with Agility to form the new company, Agility Fuel Solutions.
The new entity is owned equally by Hexagon Composites and Agility's current investors. Agility Fuel Solutions, with its deep technical expertise, world-class manufacturing capabilities and global footprint, is uniquely positioned to transform the global medium- and heavy-duty industry with innovative clean fuel technologies.
See attached press release by Agility Fuel Solutions for more information.
For more information:
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Phone: +47 906 34 977 | solveig.saether@hexagon.no
Hexagon Composites ASA is a publicly listed company with its headquarters in Aalesund, Norway. The Group develops and produces composite pressure cylinders and systems for storage and transportation of various gases.
Follow us on Twitter: @HexagonASA
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire
Source: Thomson Reuters ONE
(October 4, 2016 - 3:26 AM EDT)
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