Clean energy solutions company Xebec has acquired all the outstanding shares of The Titus Company, as part of its strategy to expand its cleantech service offering in North America.
Titus’ principals will remain with Titus to help optimise its integration into Xebec’s Industrial Service and Support business and to grow the operation over the coming year.
With the acquisition, Xebec’s Cleantech Service Network will expand its coverage to include Eastern Pennsylvania, Delaware and New Jersey.
Dr. Prabhu Rao, CEO of Xebec Adsorption, said, “We’re happy to welcome another member to the Xebec family. Titus has a stellar track record in the compressed air service industry with several Fortune 500 companies and the US Navy as customers.”
“Their expertise and presence will be helpful in rounding out our capabilities on the US East Cost as more customers explore decarbonisation pathways that include renewable gases.”
Stephen Titus, Owner of The Titus Company, added, “Over three decades ago I founded The Titus Company to support local Pennsylvania, New Jersey, and Delaware companies with their compressed air service needs. We are happy with what has been achieved to date and it’s time for the company to enter its next chapter.”
“Titus’ legacy of superior capabilities in the compressed air industry will continue, and we will begin to support Xebec’s vision in renewable gases. I am thrilled to be handing off the company to a cause that can make the world a better and more sustainable place.”