11 Nov 2024 10:00 CET

Issuer

Hexagon Composites ASA

11 November 2024: Hexagon Agility, a subsidiary of Hexagon Composites, announced
the acquisition of the assets of Specialty Fleet Services, a leading natural gas
(CNG,LNG and RNG) mobile service and inspection provider in the United States
and Canada.

Specialty Fleet Services, based in California, provides comprehensive
maintenance solutions for fleets to minimize truck downtime. With this
acquisition, Hexagon Agility FleetCare expands its nationwide after-sales
support network to serve customers more effectively while tripling its mobile
service capabilities. The business will be fully integrated into the Hexagon
Agility FleetCare business operation.

Aftermarket service solely dedicated to clean fuel fleets

Hexagon Agility FleetCare was established in 2023. It is the only aftermarket
service solely dedicated to clean fuel fleets, assisting them in achieving
higher uptime and lower total cost of ownership.

The acquisition of Specialty Fleet Services enables Hexagon Agility FleetCare to
accelerate field services capability and coverage in response to growing market
demand from fleet customers.

"To truly accelerate the switch from diesel to renewable natural gas,
maintaining and servicing a clean fuel vehicle must be as easy, if not easier
than for vehicles powered by traditional fuels," says Brad Garner, SVP FleetCare
at Hexagon Agility. "This acquisition of Specialty Fleet Services is strategic
and will bring highly sought-after field service capacity, new critical
capabilities, and complementary geographic coverage to our existing Hexagon
Agility FleetCare offering."

 "We're thrilled to join the Hexagon Agility FleetCare team. By combining our
expertise, we are stronger and better equipped to tackle the growing adoption of
natural gas in the heavy-duty sector, whether that be in New York or California,
or anywhere in between," says Christopher Ciolkosz, Director of Sales & Service,
Specialty Fleet Services.

With 175,000 natural gas vehicles on the road in the U.S., and an increasing
number of fleets making the switch to natural gas, aftermarket service will be
essential to support fleets in achieving higher uptime and lower cost of
ownership.

Hexagon Agility FleetCare's comprehensive total life cycle service portfolio.
This includes:

· Technical Support Center: Service specialists exclusive to clean fuel
vehicles; experts with an average of 30+ years' experience
· Technical Training Academy: Custom training to meet specific fleet
maintenance and driver needs
· Mobile Field Service: Comprehensive clean fuel service with total lifecycle
solutions, field specialists are strategically located to support fleets
· Hexagon Agility Genuine Parts: Quality OEM replacement parts; when you see
the Hexagon Agility Genuine Parts brand, you are getting OEM quality
replacement

For more information:
Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com

Jelena Rowe, Director, Marketing & Communications, Hexagon Agility
Telephone: +1 (310) 872-0535 | Jelena.rowe@hexagonagility.com

About Hexagon Agility
Hexagon Agility, a business of Hexagon Composites, is a leading global provider
of clean fuel solutions for commercial vehicles and bulk gas transportation. Its
product offerings include (renewable) natural gas bulk distribution systems of
compressed gases, light-weight Type 4 composite natural gas cylinders, and
(renewable) natural gas fuel systems. These products transport clean gaseous
fuels and enable vehicles to reduce emissions while saving operating costs.
Learn more at hexagonagility.com and follow @HexagonAgility on Twitter and
LinkedIn.

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation and conversion to clean energy in a
wide range of mobility and industrial applications. Learn more at
hexagongroup.com and follow @HexagonASA on X and LinkedIn.


Source

Hexagon Composites ASA

Provider

Oslo Børs Newspoint

Company Name

HEXAGON COMPOSITES

ISIN

NO0003067902

Symbol

HEX

Market

Oslo Børs