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hexagon-strengthens-lng-and-hydrogen-focus-acquires-40-stake-in-cryoshelter
hexagon-strengthens-lng-and-hydrogen-focus-acquires-40-stake-in-cryoshelter

Hexagon strengthens LNG and hydrogen focus; acquires 40% stake in Cryoshelter

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The Hexagon Group is expanding its footprint in the LNG and liquid hydrogen space, having acquired a 40% stake in cryogenic tank technology manufacturer Cryoshelter GmbH.

Finalising the transaction of Cryoshelter’s LNG/RNG business on Monday (1st August), Hexagon remains well aligned with new market focuses as the world looks to cut reliance on fossil fuels to spearhead decarbonisation efforts.

Complementing the LNG/RNG business deal, Hexagon also confirmed that it has completed the previous announced acquisition of a 40% stake in Cryoshelter’s liquid hydrogen business.

With the deals now complete, Hexagon will add to its portfolio of clean fuel vehicle solutions, with the liquid storage of natural gas and hydrogen adding a new dimension to its existing offering.

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