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Hexagon Composites
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Short description

Manufacturer of composite pressure vessels and systems

Founded in
Founded in

Company type Public Public (HEXO.ST)
Company type

Industry Group energy & power

Sector hydrogen

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Norway Ålesund, Norway
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Parent Companies Hexagon Composites

Updated by Cleantech Group on 09/25/2024

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  • 1 M&A items
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Date Company
08/03/2017

ASKO ASKO

Hexagon Composites’ subsidiary xperion Energy & Environment has been nominated to supply high-pressure cylinders for hydrogen-powered trucks owned and operated by ASKO, Norway’s largest grocery wholesaler.

Confirmed by ASKO

Partnerships
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Date Partner Type
03/24/2021
Mitsui Mitsui
Hexagon and Mitsui have agreed to expand and extend their strategic alliance for a further five years to gain a further foothold in the hydrogen market. The agreement, originally signed in 2016, has been expanded to also include Hexagon’s hydrogen cylinder systems.
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Confirmed by Mitsui
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IPO INFORMATION

Date

IPO status

IPO Type

Amount

Initial shares

Ticker symbol

HEXO.ST

Exchange listed

Prospectus URL

Prospectus

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Description

Date Investors Type Amount
08/20/2024 DNB Markets DNB Markets (1)
Post-money valuation of
Funding will be used for near-term acquisition opportunities, increase working capital to support its subsidiaries, and for general corporate purposes.
PIPE $28,654,500
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