FilingReader Intelligence
Hexagon Composites completes acquisition of Worthington alternative fuels unit
July 14, 2025 at 04:49 PM UTC•By FilingReader AI
Hexagon Composites ASA completed the acquisition of SES Composites, Worthington's alternative fuels business, following an initial 49% stake. The transaction valued at €11.7m enterprise value has a net purchase price of €6.1m.
Payment will be settled with Hexagon shares, increasing Worthington's stake in Hexagon Purus to 4.6%. SES Composites generated €28m revenue and €700,000 EBITDA in 2024.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
OSL:HEX•Oslo Stock Exchange
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