#Norway #Oslo #Hexagon Composites #Hexagon Purus #SES Composites

Successful Acquisition of SES Composites by Hexagon Composites ASA

On October 17, 2025, Hexagon Composites ASA announced the successful completion of its acquisition of SES Composites. This significant move follows their announcement on July 14, 2025, which set the stage for the acquisition process.

The total value of the transaction was approximately EUR 5.1 million, which was settled using both Hexagon Composites ASA shares and shares from its subsidiary, Hexagon Purus ASA. Specifically, the acquisition was completed through the exchange of 1,772,304 shares of Hexagon Composites and 16,364,607 shares of Hexagon Purus. Following this transaction, Hexagon Composites ASA now owns 34.6% of Hexagon Purus, consolidating its influence in the market.

Strategic Importance

This acquisition is seen as a critical step for Hexagon Composites as the company continues to push towards a cleaner energy future. By integrating SES Composites into its operations, Hexagon enhances its capabilities in developing safe, innovative solutions that cater to different sectors, particularly in mobility and industrial applications.

David Bandele, the Chief Financial Officer of Hexagon Composites, expressed enthusiasm about this acquisition. He highlighted that this move would not only bolster the company's portfolio but also strengthen its market position.

Financial Overview

The acquisition was structured to ensure that Hexagon Composites maintains financial stability while expanding its market reach. The use of share settlements indicates a strategic approach to financing growth without incurring excessive debt. Hexagon Composites' financial health appears robust, bolstered by this strategic integration. With the company holding a significant number of treasury shares following the acquisition, it showcases confidence in its stock's performance and future growth trajectory.

Future Prospects

Hexagon Composites is committed to leading the charge in providing innovative solutions for a greener planet. With this acquisition of SES Composites, the company is well-equipped to enhance its operational capabilities and fulfill its mission to facilitate a cleaner energy transition. Internally, the integration of SES's resources and expertise is expected to pave the way for new product developments and improved service offerings in the clean energy sector.

Conclusion

The successful completion of the acquisition of SES Composites marks a pivotal moment for Hexagon Composites ASA, reflecting its commitment to sustainability and market leadership in clean energy solutions. As the company navigates this new chapter, industry observers will be keenly watching how this integration shapes its future initiatives and market strategies. For more information about Hexagon Composites and their solutions, interested parties can visit hexagongroup.com or follow them on LinkedIn.