Equity Raise and Strengthened Balance Sheet
Hexagon Composites raised NOK 590 million in September to improve the balance sheet, alongside negotiating an updated bank agreement.
Cost Savings Program Implementation
A group-wide cost savings program reduced personnel costs by approximately NOK 190 million compared to 2024, with further cost reductions expected in upcoming quarters.
Strategic Partnerships and Initiatives
Formed a strategic partnership with Cummins and Clean Energy to launch Pioneer, focusing on mobility applications with alternative fuels. Launched a demo truck program to accelerate natural gas truck adoption.
Acquisition of SES Composites
Completed acquisition of SES Composites to strengthen the European Transit Bus segment with assets in Poland and Germany.