Carnegie Investment Bank is proud to have acted as Joint Global Coordinator and Joint Bookrunner in Hexagon Purus’ successful NOK 600 million directed share issue.
The net proceeds from the directed share issue will be used for: cylinder and systems capacity expansion across geographies to meet customer demand; investments in automated manufacturing facility and technical center of excellence in Kelowna, Canada to support and increase production capacity for battery packs and hydrogen storage systems; investments in production capacity in China to serve the fast-growing Chinese market through the joint venture with CIMC Enric; organizational scale-up to support continued technological development and capacity expansion; and working capital as well as for general corporate purposes.
Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for a cleaner energy future. Hexagon Purus is a world leading provider of hydrogen type 4 high-pressure cylinders, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid mobility applications on light, medium and heavy-duty vehicles, transit buses, ground storage, distribution, maritime, rail, and aerospace applications.
Carnegie congratulates Jon Erik Engeset, Morten Holum, Dilip Warrier, and the rest of the Hexagon Purus team with the successful transaction, and we look forward to continuing our support of Hexagon Purus going forward.