Weeze, Germany/Oslo, Norway — Wystrach, a leading European hydrogen systems solutions company to become part of Hexagon Purus, a global leader in zero emission mobility. The combination brings unprecedented expertise and capacity together to create the industry leader in hydrogen storage solutions.
Hexagon Purus is the leading provider of hydrogen type 4 high-pressure cylinders, fuel storage and distribution systems, and commercial vehicle battery pack and electric drivetrain solutions. The company has more than 50 years of experience with composite high-pressure technology and clean fuel systems. Its European cylinder production facility is located in Kassel, Germany.
Wystrach specializes in the metalworking required to create the steel structures and piping for hydrogen cylinder systems. It has established itself as an innovation leader in the industry by developing and building end-to-end transport and storage solutions for industrial gases and hydrogen.
The acquistion brings together complimentary capabilities. Wystrach will be Hexagon Purus’ main hydrogen systems assembly hub, based in Weeze, Germany, while cylinder production will continue to be based at Hexagon Purus‘ facility in Kassel, Germany. Together they offer best-in-class expertise and capacity in the growing hydrogen market – and accelerate the energy transition.
Both companies can look back on a long history of successful collaboration. Pioneers in high-pressure technology, Hexagon Purus and Wystrach have both worked to make climate-friendly hydrogen applications a part of everyday life. Hexagon Purus has been delivering high-performance cylinders to Wystrach since 2008 for use in applications ranging from transport, tank systems, stationary storage and refueling solutions.
“For the past two years or so, we’ve been experiencing incredible momentum in the hydrogen sector,” says Wystrach CEO Wolfgang Wolter. “The whole market is taking shape and we want to continue to play a central role in the development and manufacturing of hydrogen systems.” Now is the right time to get well positioned for the future, adds Jochen Wystrach, Co- CEO at Wystrach: “We actively went in search of a strong industrial parent company – and that’s what we’ve found in the Hexagon Purus. Each company is the ideal complement to the other, bringing the entire value chain together in one place to the benefit of our hydrogen and industrial-gas customers. By joining forces with Hexagon Purus we can concentrate fully on our further growth.”
“I have great respect for what the team at Wystrach has accomplished under the leadership of Wolfgang Wolter and Jochen Wystrach,” says Michael Kleschinski, EVP of Hexagon Purus. “I look forward to combining our employees’ skills and industry expertise to strengthen our position as THE provider of turn-key hydrogen systems solutions in the industry.”
The acquisition is expected to be complete in the fourth quarter of 2021, and is subject to fulfilment of certain closing conditions and customary regulatory approvals.
About Hexagon Purus
Hexagon Purus is a best-in-class provider of Type 4 high-pressure cylinders and a leader in key technologies for zero-emission mobility. The company has 180 employees worldwide, and its largest location is in Kassel, Germany. Hexagon Purus is part of the Hexagon Composites, headquartered in Norway. Hexagon Compositeshas more than 1,000 employees at 23 locations worldwide and generated sales of approx. EUR 304 million in 2020. Both Hexagon Purus and the Hexagon Composites are listed on the Oslo Stock Exchange.
About Wystrach
Wystrach is a systems supplier and innovation leader in high-pressure storage and transportation solutions for hydrogen and other gases. Its portfolio includes storage and transport systems, hydrogen refueling stations and tank systems for trains, buses, and trucks. In addition to in-house design and production capabilities, Wystrach offers end-to-end service packages for assembly, commissioning, and maintenance, and also provides support on approval matters. With over 30 years’ experience in the field of high-pressure storage solutions, the company has built up its expertise with a special focus on quality and safety. Wystrach employs around 200 people and recorded revenue of approximately EUR 24.9 million in the 2020 financial year.
Photo: (From left) Dr. Michael Kleschinski (EVP of Hexagon Purus), Morten Holum (CEO of Hexagon Purus), and Wystrach CEOs Jochen Wystrach and Wolfgang Wolter are looking forward to working together.
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