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Hexagon Composites ASA (HEX.OL)

HEX.OL on Oslo Stock Exchange

25.50NOK
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Hexagon Composites Q3 EBIT up at NOK 33.8 mln
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - HEXAGON COMPOSITES ASA ::Q3 OPERATING INCOME NOK ‍352.8​ MILLION VERSUS NOK 266.2 MILLION YEAR AGO.Q3 EBIT NOK ‍33.8​ MILLION VERSUS LOSS NOK 12.4 MILLION YEAR AGO.Q3 ‍PROFIT BEFORE TAX CAME TO NOK 21.8 (-18.4) MILLION​.  Full Article

Hexagon receives an order for Titan in North America
Monday, 9 Oct 2017 

Oct 9 (Reuters) - HEXAGON COMPOSITES ASA :REG-NEW LARGE TITAN® ORDER FOR THE NORTH AMERICAN INDUSTRIAL SECTOR.HEXAGON COMPOSITES - ‍CO'S UNIT HEXAGON LINCOLN ANNOUNCES A FOLLOW-ON PURCHASE ORDER FOR TITAN 4 TRAILERS FROM CERTARUS WITH TOT​AL VALUE OF $11 MILLION.  Full Article

Hexagon Composites acquires xperion
Wednesday, 5 Oct 2016 

Hexagon Composites ASA : Hexagon composites acquires xperion . Enterprise value of xperion is 43.5 million euros ($48.8 million - 390 million Norwegian crowns) on a cash and debt free basis . Transaction will result in recognition of excess value over book value (including goodwill) estimated to magnitude of 285 million crowns in statement of financial position .An earn-out payment of up to 11.5 million euros (about 104 million crowns) may become payable in 2019.  Full Article

Hexagon Composites develops next generation hydrogen cylinder for Daimler's new Mercedes-Benz GLC F-CELL
Monday, 22 Aug 2016 

Hexagon Composites ASA : Develops next generation hydrogen cylinder for Daimler's new Mercedes-Benz GLC F-CELL . Its fully-owned unit, Hexagon Lincoln, was selected by Daimler AG to supply compressed hydrogen gas (CHG) cylinders for Daimler's new fuel cell electric vehicle .New Mercedes-Benz GLC F-CELL will be presented in 2017.  Full Article

Hexagon Composites Q2 EBIT down at NOK 19.7 mln
Thursday, 18 Aug 2016 

Hexagon Composites ASA : Q2 operating income 315.6 million Norwegian crowns ($38.64 million) versus 413.9 million crowns year ago .Q2 EBIT 19.7 million crowns versus 23.2 million crowns year ago.  Full Article

Hexagon Composites enters CNG-for-rail market with new joint venture
Monday, 15 Aug 2016 

Hexagon Composites ASA : Enters the CNG-for-rail market with new joint venture . Its wholly owned subsidiary Hexagon Lincoln has entered into joint venture agreement with Allegheny Creative Energy Solutions and Resonance Mode to create new entity .As majority shareholder, Hexagon Composites will support new entity to develop and manufacture compressed natural gas (CNG) fuel solutions for rail industry.  Full Article

Hexagon receives an order from Indonesia for light-duty vehicle conversions
Wednesday, 6 Jul 2016 

Hexagon Composites ASA : Subsidiary Hexagon Raufoss has received an order from PT Autogas in Indonesia . Order is for for 1,000 compressed natural gas (CNG) cylinders for light-duty vehicle conversions .Deliveries will mainly be in Q3 of 2016.  Full Article

Hexagon Composites receives Titan XL order in North America
Monday, 20 Jun 2016 

Hexagon Composites ASA : Announces Titan XL North America order for large-capacity industrial natural gas solutions . Deliveries are scheduled to commence in Q4 .Order for Titan XL trailers from Xpress Natural Gas LLC (XNG) with total estimated value of $8 million (around 66 million Norwegian crowns).  Full Article

Hexagon Composites and Agility Fuel Systems announce merger to create Agility Fuel Solutions
Wednesday, 15 Jun 2016 

Hexagon Composites ASA : Said on Tuesday Hexagon Composites and Agility Fuel Systems announced that the companies would merge 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 new entity will be owned equally by Hexagon Composites and Agility's current investors . The total consideration for the 50 pct interest in the newly formed Agility Fuel Solutions entity, in addition to the contribution of the CNG Automotive Products Division, is a cash payment of $17.5 million (about 140 million Norwegian crowns) from available funds . The implicit transaction value of the new entity is $318 million of which Hexagon Composites group's 50 pct share is then $159 million (about 1.3 billion crowns) .The transaction is expected to close in Q3 2016.  Full Article

Hexagon Composites and Agility Fuel Systems announce merger to create Agility Fuel Solutions
Tuesday, 14 Jun 2016 

Hexagon Composites ASA : Said on Tuesday Hexagon Composites and Agility Fuel Systems announced that the companies would merge 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 new entity will be owned equally by Hexagon Composites and Agility's current investors . The total consideration for the 50 pct interest in the newly formed Agility Fuel Solutions entity, in addition to the contribution of the CNG Automotive Products Division, is a cash payment of $17.5 million (about 140 million Norwegian crowns) from available funds . The implicit transaction value of the new entity is $318 million of which Hexagon Composites group's 50 pct share is then $159 million (about 1.3 billion crowns) .The transaction is expected to close in Q3 2016.  Full Article

BRIEF-Hexagon receives an order for Titan in North America

* REG-NEW LARGE TITAN® ORDER FOR THE NORTH AMERICAN INDUSTRIAL SECTOR