Clean energy solutions provider Xebec Adsorption has entered into a definitive agreement to acquire all the issued and outstanding shares of Inmatec Gase Technologie GmbH & Co. KG, Inmatec GmbH and Inmatec Gas Technology FZC RAK.
Announcing the acquisition yesterday (17th Dec), the company said purchase of the German-based onsite nitrogen and oxygen generator manufacturer, will help expand its industrial gas product portfolio and cleantech service network.
The acquisition further gives Xebec the opportunity to enter the German hydrogen and renewable gases market, by leveraging Inmatec’s local sales and service teams.
“We’re excited to be announcing another strategic acquisition for us this month. Inmatec builds on our thesis for onsite generation of gases as it enables customers to achieve significant cost and emission reductions,” said Kurt Sorschak, Chairman, CEO and President of Xebec Adsorption.
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