Hexagon Composites ASA: Closing of the Agility Fuel Solutions transaction

04.10.2016  Stock Exchange Release

Reference is made to stock exchange release dated 14 June 2016 related to the announced merger of Agility Fuel Systems and Hexagon Composites' CNG Automotive Products Division, to create Agility Fuel Solutions. The closing of the transaction was completed on 3 October.

The new entity Agility Fuel Solutions is owned equally by Hexagon Composites and Agility's current investors and will continue to transform the global medium- and heavy-duty vehicle industry with clean fuel technologies. As of fourth quarter 2016 the entity will be reported under the equity method in the Group's financial statements.

For more information:
David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 | david.bandele@hexagon.no

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


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