- Xebec Adsorption Inc. (XBC) has closed the previously announced acquisition of Inmatec
- Inmatec is a leading manufacturer of on-site nitrogen and oxygen generators
- The acquisition of Inmatec positions Xebec to accelerate its distributed renewable and low carbon gas strategy
- Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications
- Xebec Adsorption (XBC) is down 4.87 per cent, trading at C$8.59 per share at 1:30 pm EST
Xebec Adsorption Inc. (XBC) has closed the previously announced acquisition of Inmatec.
Inmatec is a leading manufacturer of on-site nitrogen and oxygen generators. With innovative stationary and mobile plants, the company is setting new standards in the on-site production of nitrogen and oxygen.
The acquisition of Inmatec positions Xebec to execute and accelerate its distributed renewable and low carbon gas strategy. The acquisition of new oxygen and nitrogen generation technologies, and the access to new markets and service capabilities, will enable Xebec to bring cost-effective gas supply to customers around the world.
Specifically, the acquisition is expected to, among other things:
- Position Xebec as a worldwide leader in on-site nitrogen and oxygen generation products
- Create new growth opportunities by bringing products to North America
- Expand the Cleantech Service Network in Europe and gain entry into the German hydrogen and renewable natural gas markets
- Provide access to an established network of over 40 worldwide distribution partners
- Increase exposure to the fast-growing medical oxygen market
“Inmatec marks an important milestone for Xebec in expanding its technologies and presence throughout Europe and the Middle East,” said Kurt Sorschak, CEO and President of Xebec Adsorption Inc.
“Inmatec has a unique portfolio of products that complements our other gas generation products in hydrogen and renewable natural gas. Their large customer base offers opportunities to cross-sell other products within our company portfolio. Inmatec also ensures that we have the relevant products and continue to build a robust reference base for distributed gas generation. Ultimately, their strong presence in Europe, Middle East, and Africa will help us scale our existing sales and service efforts in these regions.”
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen.
Xebec Adsorption (XBC) is down 4.87 per cent, trading at C$8.59 per share at 1:30 pm EST.
