Agility Fuel Systems, Hexagon Composites plan to create Agility Fuel Solutions

摘要

Hexagon Composites, a global leader in composite cylinders for natural gas vehicles, and Agility Fuel Systems, the leader in natural gas fuel system solutions for commercial vehicles, announced that the companies will merge Hexagon Composites' CNG Automotive Products Division, which includes medium- and heavy-duty vehicle composite cylinder manufacturing operations and its bus systems business unit, with Agility to form Agility Fuel Solutions. The new entity will be owned equally by Hexagon Composites and Agility's current investors. The merger is uniquely positioned to drive innovation in the industry, while better serving the global market and expanding its product offerings worldwide. The strategic integration of fuel systems and cylinders will provide value by reducing up-front costs for clean technology, accelerating commercialization of new product ideas, and driving faster returns on investments.