(Oslo, 29 June 2021) Saga Pure ASA (Saga, OSE: SAGA) today announces the
acquisition of Hyon AS (Hyon) from former owners, amongst them, PowerCell Sweden
AB. Hyon has a strong position within maritime hydrogen solutions and will
mainly focus on developing hydrogen and bunkering solutions for harbors going
forward.
"Sustainability is at the top of the agenda within the maritime sector, and
hydrogen will play an important role in the future, maritime fuel mix. An
entirely new value chain needs to be developed, and a key part of that is
transferring hydrogen from the harbors to the vessels. Hyon is currently
developing solutions for production and fueling of hydrogen ships and we look
forward to be an active part of the further development of these solutions,"
says Bjørn Simonsen, CEO of Saga Pure.
Hyon has built a strong position within hydrogen energy solutions for the
maritime sector since 2017. The main priority for Hyon going forward will be the
further development and commercialization of the hydrogen and bunkering solution
for harbors. The parties have decided not to disclose the value of the
transaction.
ENDS
For additional information, please contact:
Bjørn Simonsen, CEO, +47 971 79 821
Espen Lundaas, CFO, +47 924 31 417
About Saga Pure ASA | www.sagapure.com
Saga Pure ASA is an investment company focusing on opportunities within
renewable energy, hydrogen, circular economy and CO2-reduction.