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Xebec Adsorption sold substantially all assets of its British Columbia subsidiary Applied Compression Systems Ltd. to 1396905 B.C. Ltd. The announcement is dated 7 February 2023 and no value was disclosed.
Xebec Adsorption sold its subsidiary Green Vision Holding, parent of HyGear Technology and Services, to Hydrogen Solutions B.V., an affiliate of HoSt Holding, as part of its sale process announced on 7 February 2023. No value was disclosed.
Summit Carbon Solutions said it hopes to buy 51 carbon dioxide reciprocating compression packages for $113.5 million from Xebec Adsorption under a memorandum of understanding, with completion expected by the end of Q3 2023. The packages will be built at Xebec Systems USA's Colorado facility for a planned $4.5 billion carbon capture project.
Xebec Adsorption closed the acquisition of all outstanding shares of Colorado-based UECompression for a total consideration of $8 million, subject to holdbacks and adjustments. The deal adds a 100,000 sq. ft. US plant to expand biogas and hydrogen system production.
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.
