CDPQ-bacled Xebec Adsorption completed the acquisition of HyGear for €82m.

CDPQ-bacled Xebec Adsorption, a Canadian public provider of gas generation, completed the acquisition of HyGear Technology and Services, which distributes gases, for €82m (c.$127.3m). “This is the boldest move in the company’s history, with the objective to make Xebec a worldwide renewable gas leader. We are also very happy to have the strategic support of the Caisse de dépôt et placement du Québec, a large long-term institutional investor who also shares the same vision. As a result, we are now uniquely positioned to leverage a recurring, profitable, and industrial client base to support our growth in renewable natural gas and hydrogen. I would like to congratulate everyone on all their hard work and give HyGear a warm welcome to the Xebec family,” Kurt Sorschak, Xebec Adsorption Chairman, CEO and President.