Xebec announces sale of HyGear and Applied Compression Systems
by CM Staff
Xebec proceeded with the sale of its wholly owned subsidiary Green Vision Holding B.V., the parent company of HyGear Technology and Services B.V., to Hydrogen Solutions B.V.
MONTRÉAL — Xebec Adsorption Inc., a global provider of sustainable gas solutions, announced on Feb. 7 the sale of two subsidiaries, further to the Corporation’s previously announced ongoing sale and investment solicitation process.
Xebec proceeded with the sale of its wholly owned subsidiary Green Vision Holding B.V., the parent company of HyGear Technology and Services B.V., to Hydrogen Solutions B.V., an affiliate of HoSt Holding B.V..
Osler, Hoskin & Harcourt LLP and Clifford Chance LLP acted as Xebec’s legal advisors in connection with the sale of HyGear. The Corporation’s financial advisor is National Bank Financial Inc. DLA Piper Nederland N.V. acted as Dutch legal counsel to HoSt in connection with the sale of HyGear.
Xebec also proceeded with the sale of substantially all assets of its wholly owned British Columbia based subsidiary, Applied Compression Systems Ltd., to 1396905 B.C. Ltd. Osler, Hoskin & Harcourt LLP acted as Xebec’s legal advisor in connection with the transaction.
