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 | [email protected]
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