12.05.2017 07:05:07

Agility expands new Powertrain Systems unit by acquiring certain propane assets of CleanFUEL USA

Related content
Related debate
24 mai - 
Overvejer kraftigt mit medlemsskab af Euro, 
23 mai - 
Min kursliste med Large og Mid er stadig væk....M..
22 mai - 
Joh. Jeg var her såmænd, da hap var baby. D..

Reference is made to Agility Fuel Solutions' (50% owned by Hexagon Composites) announcement of 11 May 2017 relating to the acquisition of certain propane assets of CleanFUEL USA.

Agility Fuel Solutions announced today that its recently-formed Powertrain Systems business unit has acquired the assets of CleanFUEL USA, a leading provider of liquid-injection propane fuel systems for commercial vehicles, as well as propane autogas dispensers and refueling equipment. Agility's Powertrain Systems business unit is also hiring key employees of CleanFUEL USA and will add business locations in Wixom, Michigan to focus on fuel systems, and Georgetown, Texas to focus on refueling equipment. Terms of the transaction were not disclosed.

The acquisition will enable Agility's Powertrain Systems business unit to immediately offer complete propane fuel systems for commercial vehicles based on patented liquid propane injection (LPI®) technology. Agility will also be able to offer turnkey propane fueling packages for both private fleet and retail locations, enabling a complete propane solution for commercial fleets globally.

"This acquisition will enable our Powertrain Systems business unit to accelerate its development and certification of propane fuel systems for OEM engines and vehicles," said Kathleen Ligocki, Chief Executive Officer. "It's a significant step toward our goal of offering a complete toolkit of solutions to enable the global transition toward cleaner transportation options."

"CleanFUEL USA has assembled a portfolio of reliable products and leading technology in the commercial vehicle market in North America," said Brad Garner, President, Powertrain Systems. "We look forward to combining those products and technology with Agility's market and geographic reach, financial strength, and aftermarket service capabilities to make it easy for fleets, OEMs, and propane distributors to benefit from propane's advantages as a clean and affordable transportation fuel."

See attached press release.

Agility Creates New Powertrain Systems Business Unit 

Agility Fuel Solutions previously announced that they have created a new Powertrain Systems Business Unit to focus on the global propane commercial vehicle market. Read the press release

  

For more information:

David Bandele, CFO, Hexagon Composites ASA

Telephone: +47 920 91 483 | david.bandele@hexagon.no 

Solveig D Saether, Communication Manager, Hexagon Composites ASA

Telephone: +47 906 34 977 | solveig.saether@hexagon.no

About Agility Fuel Solutions

Agility Fuel Solutions is a leading provider of highly-engineered and cost-effective clean fuel solutions for medium- and heavy-duty commercial vehicles. Its product offering includes natural gas and hydrogen fuel storage and delivery systems, Type 4 composite natural gas cylinders, and propane fuel systems. Agility has been manufacturing and servicing clean fuel solutions for local, regional and long-haul vehicle applications for over 20 years, logging billions of miles on the road per year.

In 2016 Agility Fuel Systems and Hexagon Composites' medium and heavy duty CNG automotive businesses merged to create Agility Fuel Solutions, 50% owned by Hexagon Composites. 

About Hexagon Composites

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. www.hexagon.no

Follow us on Twitter: @HexagonASA

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Agility CleanFUEL 11May2017


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

Send kommentar

Related debate

  • 1 uke
  • 1 måned
  • 1 år
Ingen indlæg

Pressemeldinger

*Wilson ASA: Kvartalsrapport 4Q 2017

22.02.2018 09:03:06
  Wilson Asa rapporterer økt inntjening og driftsresultat for fjerde kvartal 2017. Konsernet oppnådde i fjerde kvartal 2017 brutto fraktinntekter på MEUR 71,4, opp fra  MEUR 62,5 i fjerde kvartal 2016. Konsernet har i samme periode oppnådd lav kostnadsvekst fra MEUR 26,0 i fjerde kvartal 2016 til MEUR 26,4 i fjerde kvartal 2017. Konsernet leverer således et driftsresultat før avskrivninger (E..

Statoils aksjespareprogram viderefordeler aksjer

20.02.2018 07:41:19
Aksjene som DNB kjøpte på vegne av Statoil ASA (OSE:STL, NYSE:STO) 15. februar 2018 til bruk i Statoils aksjespareprogram, er 20. februar 2018 viderefordelt til de ansatte i henhold til deres sparebeløp. Etter viderefordeling har aksjespareprogrammet 8.220.120 aksjer. Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12 This announcement is distr..

Statoil ASA: Meldepliktig handel

16.02.2018 07:23:11
På vegne av Statoil (OSE:STL, NYSE:STO) har DNB 15. februar 2018 kjøpt 530.143 aksjer til bruk i Statoils aksjespareprogram. Aksjene er kjøpt til kurs 174,67 kroner. Før viderefordeling til ansatte har Aksjespareprogrammet 8.492.494 aksjer. Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12 This announcement is distributed by Nasdaq Corporate S..

Mest leste nyheter

  • 24 timer
  • 48 timer
  • 1 uke

Related stock quotes

Euroinvestor.com A/S 7,850 0,0% Uendret aksjekurs
Hexagon Composites ASA 27,30 9,4% Stigende aksjekurs

Buy and sell signals

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018   Betingelser og vilkår
Kursinformasjon leveres av Morningstar.
Alle kurser er 15-20 minutter forsinket som følge av distribusjonsavtaler satt av de forskjellige børserne.
 
laurdag 23. juni 2018 10:22:14
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180619.1 - EUROWEB2 - 2018-06-23 10:22:14 - 2018-06-23 10:22:14 - 8 - Website: OKAY