Agility Now Boasts 400 Employees at Five Manufacturing Sites
Agility Fuel Systems said this morning that it’s closing on its merger with the compressed natural gas automotive products unit of Hexagon Composites, with the deal expected to be finalized tomorrow, October 4. The pact includes medium and heavy duty vehicle compressed natural gas cylinder manufacturing operations and CNG fuel cylinder assemblies. updated with new photo and contact information on October 5
Norway-headquartered Hexagon is Agility’s principal supplier of all-composite Type IV CNG cylinders.
The new Agility Fuel Solutions 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,” states a release.
“The strategic integration of the two companies will result in Agility Fuel Solutions having over 400 employees at five manufacturing facilities in North America, South America and Europe, two research and development centers, and sales offices on four continents ready to serve the global market, its customers and its stakeholders.
“The merger will reduce up-front costs for clean transportation technology,” states today’s release, “expediting the commercialization of new product ideas, accelerating returns on investments, and driving the adoption of natural gas in the world’s commercial fleets.”
The Agility-Hexagon merger was announced earlier this past summer (F&F, June 14).
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Source: Agility Fuel Solutions with Fleets & Fuels follow-up