Industrial gas system manufacturer HyGear has issued a 7% bond to raise multi-million-euro funds as it targets further growth.
Instead of one-off sales, HyGear is now focusing on increasing demands for ‘Gas as a Service’ (GaaS) solutions, where customers subscribe to gas supply services – a movement in the market that the company claims is on the rise.
The company explained that this business idea initially requires more working capital in the short-term but will increase the profitability of HyGear over the long-term.
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