Hexagon Composites, Aalesund, Norway, and Agility Fuel Systems, Santa Ana, Calif., 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 combined company will have production sites in the U.S., Norway and Brazil, with technical centers located in Lincoln, Neb. and Kelowna, British Columbia. Agility Fuel Solutions will manufacture cylinders for use in its systems, as well as for direct sale with offices in the U.S., Canada, Latin America, Norway, India and Southeast Asia.
"This merger combines two market leaders with strong backgrounds in engineering creativity, profitable growth and operational excellence," said Kathleen Ligocki, named CEO of the newly merged company, Agility Fuel Solutions. "Agility is proud of our successful relationship with Hexagon, and together we will target driving adoption of clean natural gas systems in commercial vehicle markets around the world."
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