Xebec to acquire HyGear as part of newly launched hydrogen strategy

Xebec Adsorption has entered into a definite agreement to acquire Green Vision Holding, the parent company of HyGear, as part of its newly launched hydrogen strategy.

Announcing the acquisition, Xebec yesterday (8^th Dec) said the purchase of new hydrogen technology, along with access to new markets, will enable the company to launch a commercially viable green hydrogen product offering.

Upon completion, HyGear will become an integral part of Xebec Europe and its headquarters will remain in Arnhem, The Netherlands.

Commenting on the strategy and acquisition, Kurt Sorschak, Chairman, CEO and President of Xebec Adsorption, said, “I am excited to be announcing the launch of our hydrogen strategy today with this transformative acquisition.”