# Hexagon Purus acquires Wystrach for up to EUR 43.3 million

Hexagon Purus ASA entered an agreement to acquire 100% of Wystrach GmbH, a European provider of high-pressure gas storage systems, for up to EUR 43.3 million (enterprise value EUR 50 million).

- Type: Acquisition
- Announced: 2021-10-04
- Where: Weeze, Germany
- Value: $50.0M (43.3M EUR)
- Status: announced
- Products: high-pressure gas storage systems, Type IV composite pressure vessels, hydrogen storage solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hexagon Purus](https://endata.com/companies/6324.md) (acquirer)
- [Wystrach GmbH](https://endata.com/companies/10427.md) (target)

## Sources

- [compositesworld.com](https://www.compositesworld.com/news/hexagon-purus-acquires-high-pressure-gas-storage-systems-company-wystrach), 2021-10-04: "By combining forces, we will have the scale and position to accelerate the transition to hydrogen and in doing so, deliver significant value to our customers and shareholders."

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