# 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.

- Type: Acquisition
- Announced: 2020-08-31
- Where: British Columbia, Canada
- Value: $3.30M (4.50M CAD)
- Status: completed
- Products: industrial service and support for RNG and hydrogen installations
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Xebec Adsorption](https://endata.com/companies/6961.md) (acquirer)
- [Applied Compression Systems](https://endata.com/companies/6962.md) (target)

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/news/xebec-expands-cleantech-network-acquisition-120000878.html), 2020-09-01: "Total consideration payable by Xebec is approximately $4.5M, subject to certain holdbacks, adjustments and time-based payments."
- [plethorabusinesses.com](https://plethorabusinesses.com/xebec-acquisition-applied-compression-systems/), 2020-10-13: "This acquisition will strengthen our Industrial product portfolio as a compressor integrator while simultaneously increasing our service presence in Western Canada."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.