Hexagon manufactures and supplies composite fuel storage tanks and pressure vessels for automotive, mining, and aerospace sectors. Read more

5 Followers on Owler
5 Followers on Owler
5 Followers on Owler
5 Followers on Owler

Hexagon manufactures and supplies composite fuel storage tanks and pressure vessels for automotive, mining, and aerospace sectors. Read more

Jon Erik Engeset's photo - President & CEO of Hexagon

President & CEO

Jon Erik Engeset

CEO Approval Rating

89/100

Founded:

1963

Status:

PublicIndependent CompanyOSLHEX

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Steelhead has been one of Hexagon's top competitors. Steelhead is a Private company that was founded in 2012 in Golden, Colorado. Steelhead operates in the Heavy Electrical Equipment industry. Compared to Hexagon, Steelhead has 973 fewer employees.

NPROXX is seen as one of Hexagon's biggest rivals. NPROXX is a Private company that was founded in Heerlen, Limburg in 2018. NPROXX is in the Industrial Machinery & Equipment industry. NPROXX has 973 fewer employees vs. Hexagon.

Parr is perceived as one of Hexagon's biggest rivals. Parr was founded in Moline, Illinois} in 1899. Parr competes in the Industrial Machinery & Equipment industry. Compared to Hexagon, Parr generates $304.6M less revenue.

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Competitor - 1/1

Is Enduro Composites a competitor of Hexagon?

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$314.6M

Hexagon's revenue is the ranked 12th among it's top 10 competitors. The top 10 competitors average 4.9B. Over the last three quarters, Hexagon's revenue has grown by 4.5%. Specifically, in Q3 2020's revenue was $81.4M; in Q2 2020, it was $70.5M; in Q1 2020, it was $77.9M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Agility Fuel Solutions

Nov 2018

Source »
$250M
Agility Fuel Solutions is a provider of compressed natural gas, liquid natural gas, propane and hydrogen fuel systems.
Digital Wave Corp.

Oct 2018

Source »
undisclosed
Digital Wave provides ultrasonic examination and modal acoustic emission testing equipment and testing services.

These are all the companies that Hexagon has acquired. Hexagon has acquired 2 companies and its latest acquisition was Agility Fuel Solutions in Nov 2018. Agility Fuel Solutions is a provider of compressed natural gas, liquid natural gas, propane and hydrogen fuel systems.

Hexagon Funding History

$82.4M$140M$328.1M

Since Hexagon was founded in 1963, it has participated in 5 rounds of funding. In total Hexagon has raised $328.1M. Hexagon's last funding round was on Dec 2020 for a total of $85.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Private Placement
Dec 2020
$85M
-
Private Placement
Aug 2020
$100.5M
-
Grant
Jul 2020
$2.6M
Private Placement
Feb 2019
$57.7M
-
Private Placement
Apr 2016
$82.4M
-

Since Hexagon was founded in 1963, it has participated in 5 rounds of funding. In total Hexagon has raised $328.1M. Hexagon's last funding round was on Dec 2020 for a total of $85.0M

Investments

No recent investments found related to Hexagon

These are all the companies that Hexagon has invested in. Hexagon has invested 2 companies and its latest investment was Agility Fuel Solutions in Nov 2018. Agility Fuel Solutions is a provider of compressed natural gas, liquid natural gas, propane and hydrogen fuel systems.

Hexagon News

December 15, 2020FinanzNachrichten

Mandatory notification of trade by primary insider

On 14 December, David Bandele, CFO of Hexagon Composites, purchased 2,500 shares in Hexagon Purus AS ... See more »
December 14, 2020FinanzNachrichten

Executive management buys maximum number of shares under management investment program

Reference is made to section 6.8 "Shareholdings and stock options" of the Information Document for He... See more »
December 14, 2020MarketScreener

Hexagon Purus lists on Euronext Growth Oslo

(marketscreener.com) Oslo, 14 December 2020 - The clean energy company Hexagon Purus has today been a... See more »
November 7, 2020FuelCellsWorks

Hexagon Purus to Supply Composite High-Pressure Cylinders for Development of First Hydrogen Powered Commuter Train in the U.S.

Hexagon Purus has signed a contract with Stadler Rail to develop a cylinder storage system for the fi... See more »
October 16, 2020CompositesWorld

Hexagon Composites initiates Hexagon Purus spin-off and private placement

Hexagon considers the intended separation as an important step for strengthening both Hexagon's g-mob... See more »
September 23, 2020MarketScreener

Save the date - Virtual Capital Markets Day 2020

(marketscreener.com) Hexagon Composites ASA: Save the date - Virtual Capital Markets Day 2020 Septemb... See more »

Hexagon Press Releases

December 2, 2020StreetInsider

Key Information Relating to the Dividend-in-Kind to Be Paid by Hexagon Composites ASA -AMENDED EX-DATE

Reference is made to previous announcements regarding Hexagon Composites ASA (the Company or Hexagon ... See more »
December 2, 2020GlobeNewswire

Key Information Relating to the Dividend-in-Kind to Be Paid by Hexagon Composites ASA -AMENDED EX-DATE

Reference is made to previous announcements regarding Hexagon Composites ASA (the "Company" or "Hexag... See more »
November 19, 2020StreetInsider

Company presentation related to Hexagon Purus spin-off

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO... See more »
November 18, 2020GlobeNewswire

Approval of Written Resolution

Reference is made to the stock exchange notice in relation to the Written Resolution dated November 1... See more »
November 13, 2020GlobalNewswire

Minutes from Extraordinary General Meeting

The extraordinary general meeting of Hexagon Composites ASA was held today, Friday 13 November 2020 i... See more »
November 12, 2020GlobalNewswire

Hexagon Purus enters frame agreement with Everfuel, supporting commercialization of zero-emission hydrogen transport in Europe

Hexagon Purus has signed a multi-year master frame agreement with Everfuel to deliver multiple units ... See more »
November 11, 2020GlobalNewswire

Hexagon Composites ASA postpones Virtual Capital Markets Day 2020

Reference is made to the stock exchange announcement issued by Hexagon Composites on 22 September 202... See more »

Hexagon Videos

November 23, 2018Hexagon Composites Youtube Channel

"Hexagon Ragasco- Russia v2" on YOUTUBE

November 23, 2018Hexagon Composites Youtube Channel

"Beximco, Bangladesh - 2" on YOUTUBE

October 19, 2018Hexagon Composites Youtube Channel

"Beximco Bangladesh" on YOUTUBE

March 5, 2018Hexagon Composites Youtube Channel

"Promotion in the streets of Taiwan" on YOUTUBE

January 22, 2018Hexagon Composites Youtube Channel

"Our automated plant- Hexagon Ragasco" on YOUTUBE

September 6, 2017Hexagon Composites Youtube Channel

"Burst Test - Hexagon Ragasco" on YOUTUBE

September 6, 2017Hexagon Composites Youtube Channel

"High Velocity Impact test _Hexagon Ragasco" on YOUTUBE

Social Media

Headquarters

Korsegata 4B

Alesund, Møre og RomsdalNO-6002

47-70-30-44-50

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Summary

ABOUT

Overview

Hexagon manufactures and supplies composite fuel storage tanks and pressure vessels for automotive, mining, and aerospace sectors. Hexagon was founded in 1963. Hexagon's headquarters is located in Alesund, Møre og Romsdal, NO NO-6002. It has raised 32...

CEO

Hexagon's President & CEO, Jon Erik Engeset, currently has an approval rating of 89%. Hexagon's primary competitors are Steelhead, NPROXX & Parr.

Website

hexagon.no

Frequently Asked Questions about Hexagon

  1. When was Hexagon founded?

    Hexagon was founded in 1963
  2. Who is Hexagon's CEO?

    Hexagon's CEO is Jon Erik Engeset
  3. How much revenue does Hexagon generate?

    Hexagon generates $314.6M in revenue
  4. How much funding does Hexagon have?

    Hexagon has historically raised $328.1M in funding
  1. Where is Hexagon's headquarters?

    Hexagon's headquarters is in Alesund Møre og Romsdal, NO
  2. How many employees does Hexagon have?

    Hexagon has 1,008 employees
  3. What sector does Hexagon operate in?

    Hexagon is in Renewable Energy Equipment & Services, Oil & Gas Equipment & Services
  4. Who are Hexagon's competitors?

    Hexagon's top competitors are Steelhead, NPROXX, Parr