Agility Fuel Systems and Hexagon Composites merge

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

Hexagon Composites and Agility Fuel Systems announced the merger of 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 companies explained that 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

“This merger combines two market leaders with strong backgrounds in engineering creativity, profitable growth and operational excellence,” said Kathleen Ligocki, who was named chief executive officer of the newly merged company. “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.”

The new entity will be owned equally by Hexagon Composites and Agility’s current investors. The combined company will have production sites in the US, Norway, and Brazil, with technical centers located in Lincoln, Nebraska 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 US, Canada, Latin America, Norway, India, and Southeast Asia.

The transaction is expected to close in the 3rd quarter of 2016. Hexagon’s Mobile Pipeline, Hydrogen Products and Light-Duty Vehicles divisions will continue to operate as Hexagon Composites.

You May Also Like

Noregon adds Fault Guidance, bi-directional testing to JPRO

The new JPRO update also includes an optional Technician as a Service (TaaS) add-on.

Noregon-JPRO-update

Noregon released an update for its JPRO commercial diagnostic and troubleshooting application, which includes new bi-directional tests, Fault Guidance and an optional Technician as a Service (TaaS) add-on that gives customers remote support from master technicians.

According to Noregon, Fault Guidance is an embedded troubleshooting feature that features troubleshooting steps, wiring diagrams, and more. The new list of bi-directional tests cover both on- and off-highway assets. These bi-directional commands include cylinder cutouts, forced DPF regens, aftertreatment injector tests and more, according to the company. Off-highway additions include manufacturers such as Kubota and Komatsu, while Noregon says more on-highway tests were added for PACCAR, Detroit and others.

Powerfleet, MiX Telematics approved for business combination

The combination is expected to be complete in the first week of April, after which the businesses will be branded as Powerfleet.

Powerfleet-x-MiX-telematics-integration
Scania speeds up autonomous transport pilot program

Equipped with Plus, Scania has been testing its trucks in Sweden since 2021 — now it plans to expand operations throughout Europe, this year.

SCANIA-Logo-vector
IRS clarifies: RNG cleaning and conditioning equipment eligible for tax credit

RNG Coalition notes a correction to an investment tax credit proposal regarding RNG cleaning and conditioning equipment.

RNG-Coalition-logo-ITC-technical-correction
Stellantis and UFOFleet form partnership

Stellantis says it chose UFOFleet for its proven customer experience, flexible technology and deployments with leading global brands.

UFO-Fleet-Stellantis

Other Posts

SKF helps Maverick Transportation keep wheels attached

Having a wheel fly off while driving can be catastrophic, and SKF says TraX and Road Ready help catch issues early.

SKF-Road-Ready-TraX-wheel-telematics-Maverick-Transportation
FieldRoutes announces ServiceTitan Fleet Pro integration

The company says this integration helps customers to eliminate side jobs, prevent unsafe driving, maximize billable hours and more.

service-maintenance-data-generic-1400
Bestpass announces new integration with Geotab

Geotab customers using Bestpass can now access new toll activity data and reporting features through a single interface

Bestpass-Geotab-integration
Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt