Hexagon Composites acquires Worthington’s alternative fuels business

SES is a European supplier of high-pressure cylinders and systems for the storage and distribution of compressed gases. Its alternative fuels business, SES Composites, manufactures composite cylinders and systems in Slupsk, Poland, and operates a valve assembly facility in Burscheid, Germany.

The industrial gas business, which produces steel cylinders from SES’ facility in Kienberg, Austria, will remain in joint ownership. The carve-out and acquisition of SES Composites by Hexagon will create a more focused industrial gas business and enable increased strategic focus on value creation in existing and emerging segments.

“We are delighted to welcome the SES Composites business into the Hexagon Composites family,” said Philipp Schramm, CEO of Hexagon Composites. “This acquisition brings complimentary capabilities to our portfolio and can realise further synergies across our production and supply chain. As recognised by European OEMs, natural gas, whether renewable or conventional, will remain a key part of the European energy transition for the foreseeable future, and this acquisition strengthens our position as a trusted partner to OEMs in the commercial transportation sector.”

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/15072025/hexagon-composites-acquires-worthingtons-alternative-fuels-business/