Hexagon Composites ASA (OB:HEX) acquired 49% stake in Sustainable Energy Solutions business segment of Worthington Enterprises for approximately ?9.2 million on May 29, 2024. SES is a leading European supplier of high-pressure cylinders and systems for storage and distribution of compressed natural gas, hydrogen and industrial gases, and generated revenues of ?127 million and adjusted EBITDA of ?2.9 million in calendar year 2023. Worthington will retain 49% of the shares, while senior executives will hold the balance. DNB Markets and Danske Bank acted as financial advisors, and Schjødt and Saxinger Rechtanwalts acted as legal advisors, to Hexagon Composites on the transactions.

Hexagon Composites ASA (OB:HEX) completed the acquisition of 49% stake in Sustainable Energy Solutions business segment of Worthington Enterprises on May 29, 2024.