Founded in Norway with an ambition to harness the superior strength and safety of composite materials, Hexagon Composites has grown through two decades of relentless innovation, strategic acquisitions and a laser focus on cost-competitiveness into the leading global provider of alternative fuel systems.

If you’ve received a package from a delivery van in the United States, turned on a light switch in Peru, or ridden a public bus in Germany, you’ve likely benefitted from our technologies without realizing it.

Our extensive global network, deep technical expertise and market leading scale set us apart, making our solutions especially difficult to replicate. Over two decades, we’ve leveraged our core technology and a strategic buy-and-build approach to drive sustained growth and the energy transition.

HEX.OL

listed on the Oslo Stock Exchange since 2000

1000+

employees in Hexagon Group

20+

locations worldwide

Main markets

Transportation

Hexagon is the leading global provider of alternative fuel solutions for commercial vehicles. Our expertise is key to integrating energy storage and fuel systems into medium and heavy-duty trucks, and public transportation.

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Gas distribution

Hexagon’s high-pressure gas distribution solutions are essential to alternative fuel supply chains. Our solutions have the largest transport capacity worldwide and enable the safe transport of energy to users lacking pipeline infrastructure.

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NOK 5.2 billion

revenue in 2023

NOK 480 million

EBITDA in 2023

50 %

equity ratio

Investment highlights

Green tech company

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We are a company built on strong sustainability principles. We are committed to reaching net-zero by 2050 and strive to manufacture and deliver our products in the most sustainable way. Our solutions are key to reducing global dependence on fossil fuels.

Established market leader

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Hexagon is the market leader in the industrial gas distribution and transportation industries. Our customers are leading blue-chip companies and original equipment manufacturers (OEMs). We enable them and their customers to make the switch to alternative fuels.

Profitable growth

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We have strong financials and a track record of profitable growth. Hexagon Composites' revenues have doubled in the last five years.

Manufacturing at scale

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We are the world's largest producer of high-pressure composite cylinders, with over 60 years of manufacturing experience. Our expertise ensures the safe and efficient movement of alternative fuels across entire supply chains.

Alternative-fuel agnostic

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One alternative fuel alone cannot displace fossil fuels. Our portfolio of companies offer the full spectrum of solutions for alternative fuels in the transportation sector.

Hexagon Agility offers fuel systems and distribution modules that enable fleet owners, OEMs and distributors to make the switch to renewable natural gas (RNG). Hexagon Purus (HPUR.OL), 38% owned, offers fuel systems and distribution modules for hydrogen, and systems for battery electric trucks.

Growth strategy

Industries, governments, and consumers alike are demanding alternatives to fossil fuels. Hexagon Composites stands at the intersection of this growing market demand and is uniquely positioned to both drive and capitalize on the energy transition.

Grow our position as the leading alternative fuel solutions provider for commercial transportation and gas distribution.
Capitalize on the inflection points in the alternative fuels industry, with renewable natural gas in the near-term, and hydrogen fuel-cell and battery electric in the longer-term, for sustained profitable growth.
Drive cost-competitiveness and profitability from operational efficiency, innovation, automation, and scale.
Invest in emerging alternative fuel technology companies that can be further developed and scaled.