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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 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.