Xebec acquires British Columbia service firm Applied Compression Systems

Xebec Adsorption agreed to acquire Applied Compression Systems Ltd., a British Columbia service provider for renewable natural gas and hydrogen installations, for approximately $4.5 million. The deal is effective August 31, 2020.

“Total consideration payable by Xebec is approximately $4.5M, subject to certain holdbacks, adjustments and time-based payments.”finance.yahoo.com

• 2 sources
• finance.yahoo.comXebec Expands Cleantech Service Network with Acquisition of British Columbia Based Applied Compression SystemsSep 1, 2020
• plethorabusinesses.comPlethora Businesses Represents Xebec in Successful AcquisitionOct 13, 2020

Summarized from public sources; check the original articles before acting on it.