HEXAGON COMPOSITES ASA
History
| Year | Detail |
|---|---|
| 2000 | Hexagon Composites ASA was founded in 2000. It was formed by merging Norwegian Applied Technology ASA and Devold AMT AS. |
| 2001 | Hexagon Composites acquired Ragasco, a manufacturer of composite LPG cylinders based in Raufoss, Norway. |
| 2005 | Hexagon Composites expanded its reach by acquiring Lincoln Composites in Nebraska, U.S. |
| 2014 | Hexagon Composites started focusing more on developing the pressure cylinder business and sold Hexagon Devold to Særtex GmbH & Co. KG. |
| 2014 | Hexagon Composites acquired MasterWorks in Maryland, U.S., and secured key technology and enhanced engineering capacity. |
| 2017 | Hexagon launched Hyon AS, a joint venture with NEL ASA and PowerCell Sweden AB, focused on integrated hydrogen projects. |
| 2021 | Hexagon Purus (owned 73.3% by Hexagon Composites) acquired Wystrach, adding hydrogen systems capacity to its platform, to accelerate the hydrogen transition. |
| 2022 | Hexagon acquired a 40% stake in Cryoshelter GmbH, an Austrian company specializing in developing cryogenic tank technology for liquid (renewable) natural gas (LNG) and liquid hydrogen. |
| 2024 | Hexagon signed an agreement with Linde Gas & Equipment Inc., a distributor of packaged and micro bulk industrial, medical, and specialty gases and related hard goods and safety equipment in the U.S. The agreement covered the supply and service of global Ultrasonic Examination (UE) testing equipment and services. |
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