Xebec to acquire Inmatec, entering German hydrogen, RNG markets
Xebec will acquire all issued and outstanding shares of Inmatec Gase Technologie, Inmatec, and Inmatec Gas Technology FZC RAK, in the United Arab Emirates.
With this acquisition, Xebec will be entering the German hydrogen and renewable natural gas (RNG) markets by leveraging Inmatec’s local sales and service teams to reach the country’s evolving hydrogen opportunities and 8,9000 biogas installations.
“We’re excited to be announcing another strategic acquisition for us this month,” said Kurt Sorschak, chairman and CEO of Xebec Adsorption.
“Inmatec builds on our thesis for onsite generation of gases as it enables customers to achieve significant cost and emission reductions. It is one of the world leaders in on-site nitrogen and oxygen generators and has achieved an impressive scale with over 8,000 units deployed worldwide. Their German manufacturing and engineering capabilities have resulted in a reputation for high quality and extremely reliable products.
“Notably, Inmatec complements both our onsite hydrogen generators, which are produced by HyGear and our own industrial air and RNG products.
“We see good value in cross-selling these solutions throughout our industrial service companies in North America and our combined customer base.
“Most importantly, Inmatec will give us a Cleantech Service Network footprint in parts of Europe, the Middle East and Africa, and an entry into the German hydrogen and RNG market. There are over 8,900 biogas installations which could be converted to produce RNG, and Germany has announced plans to invest up to €9 billion in hydrogen.
“Inmatec is ideally positioned to leverage their 40+ distribution partners to also sell our RNG and hydrogen systems.”