About Hexagon Composites
Hexagon Composites is a company based in Alesund (Norway) founded in 2008.. The company has 1,020 employees as of December 31, 2024. Hexagon Composites has completed 3 acquisitions, including Agility Fuel Solutions, Digital Wave Corporation and Xperion Energy & Environment. Hexagon Composites offers products and services including High-pressure composite cylinders, Fuel systems, and Mobile Pipeline modules.
- Headquarter Alesund, Norway
- Employees 1020 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hexagon Composites Asa
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Annual Revenue
$428.95 M (USD)7.74as on Dec 31, 2024
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Net Profit
$-85.32 M (USD)-180.34as on Dec 31, 2024
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EBITDA
$54.02 M (USD)77.82as on Dec 31, 2024
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Latest Funding Round
$28.24 M (USD), Post-IPO
Aug 20, 2024
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Investors
Handelsbanken
& 4 more
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Employee Count
1020
as on Dec 31, 2024
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Investments & Acquisitions
Agility Fuel Solutions
& 2 more
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IPO & Listings of Hexagon Composites
Hexagon Composites is a publicly listed company on the OSL with ticker symbol HEX in Norway, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hexagon Composites
Hexagon Composites offers a comprehensive portfolio of products and services, including High-pressure composite cylinders, Fuel systems, and Mobile Pipeline modules. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cylinders for storing alternative fuels securely
Systems for alternative fuel vehicles and distribution
Modules for gas transportation and requalification services
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Funding Insights of Hexagon Composites
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $28.2M
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First Round
First Round
(01 Jul 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Post-IPO - Hexagon Composites | Valuation |
investors |
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| Feb, 2022 | Amount | Post-IPO - Hexagon Composites | Valuation |
investors |
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| Dec, 2020 | Amount | Post-IPO - Hexagon Composites | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hexagon Composites
Hexagon Composites has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Handelsbanken, Storebrand and DOE. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are provided to personal and corporate customers.
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Founded Year | Domain | Location | |
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Manages global and Nordic investment funds with Delphi method and sustainability focus.
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Founded Year | Domain | Location | |
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Asset management, pension, and banking services are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hexagon Composites
Hexagon Composites has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Agility Fuel Solutions, Digital Wave Corporation and Xperion Energy & Environment. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Pressurised vessels for high-pressure gas storage are manufactured.
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2006 | ||||
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Automotive fuel system components are manufactured and supplied.
|
1996 | ||||
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Industrial machinery and equipment are distributed by Digital Wave Corporation.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hexagon Composites
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hexagon Composites Comparisons
Competitors of Hexagon Composites
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hexagon Composites
Frequently Asked Questions about Hexagon Composites
When was Hexagon Composites founded?
Hexagon Composites was founded in 2008.
Where is Hexagon Composites located?
Hexagon Composites is headquartered in Alesund, Norway. It is registered at Alesund, Møre And Romsdal, Norway.
How many employees does Hexagon Composites have?
As of Dec 31, 2024, the latest employee count at Hexagon Composites is 1,020.
What is the annual revenue of Hexagon Composites?
Annual revenue of Hexagon Composites is $428.95M as on Dec 31, 2024.
What does Hexagon Composites do?
Hexagon Composites was established in 2008 in Alesund, Norway, within the composites industry. Pressure cylinder technology based on composites is developed and provided for applications in mobility and storage sectors. Operations encompass design, manufacturing, and distribution of these cylinders, serving industrial clients globally. The companys domain, hexagongroup.com, supports its international presence and technical resources.
What products or services does Hexagon Composites offer?
Hexagon Composites offers High-pressure composite cylinders, Fuel systems, and Mobile Pipeline modules.
Is Hexagon Composites publicly traded?
Yes, Hexagon Composites is publicly traded on OSL under the ticker symbol HEX.
How many acquisitions has Hexagon Composites made?
Hexagon Composites has made 3 acquisitions, including Agility Fuel Solutions, Digital Wave Corporation, and Xperion Energy & Environment.
Who are Hexagon Composites's investors?
Hexagon Composites has 5 investors. Key investors include Handelsbanken, Storebrand, DOE, Delphi Funds, and OSTI.GOV.
What is Hexagon Composites's ticker symbol?
The ticker symbol of Hexagon Composites is HEX on OSL.