Clean energy solutions provider Xebec Adsorption has entered into a definitive agreement to acquire all the issued and outstanding shares of Inmatec Gase Technologie GmbH & Co. KG, Inmatec GmbH and Inmatec Gas Technology FZC RAK.
Announcing the acquisition yesterday (17th Dec), the company said purchase of the German-based onsite nitrogen and oxygen generator manufacturer, will help expand its industrial gas product portfolio and cleantech service network.
The acquisition further gives Xebec the opportunity to enter the German hydrogen and renewable gases market, by leveraging Inmatec’s local sales and service teams.
“We’re excited to be announcing another strategic acquisition for us this month. Inmatec builds on our thesis for onsite generation of gases as it enables customers to achieve significant cost and emission reductions,” said Kurt Sorschak, Chairman, CEO and President of Xebec Adsorption.
“Inmatec is one of the world leaders in onsite nitrogen and oxygen generators and has achieved impressive scale with over 8,000 units deployed worldwide. Their German manufacturing and engineering capabilities have resulted in a reputation for high quality and extremely reliable products.”
“Notably, Inmatec complements both our onsite hydrogen generators, which are produced by HyGear and our own industrial air and renewable natural gas products. We see good value in cross-selling these solutions throughout our industrial service companies in North America and our combined customer base.”
“Most importantly, Inmatec will give us a cleantech service network footprint in parts of Europe, the Middle East and Africa, and an entry into the German hydrogen and RNG market. There are over 8,900 biogas installations which could be converted to produce RNG and Germany has announced plans to invest up to €9bn in hydrogen. Inmatec is ideally positioned to leverage their 40+ distribution partners to also sell our renewable natural gas and hydrogen systems.”