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Agility Fuel Solutions, a Hexagon business, received an order from Anheuser-Busch for over 180 new trucks equipped with ProCab 175 CNG fuel systems, with an estimated total value of over USD 8.0 million. Delivery is scheduled from mid-Q3 to mid-Q4 2020.
Agility Fuel Solutions, a Hexagon Composites business, received an order from an existing U.S. transit bus customer for compressed natural gas fuel storage systems worth an estimated USD 10.0 million. Deliveries are expected to start in July 2020.
Hexagon Composites signed an agreement to acquire the remaining 50% of Agility Fuel Solutions, valuing Agility's equity at USD 250 million on a 100% basis. Closing is expected in January 2019.