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25/7/2018 -
Snam invests in sustainable mobility: the new Cubogas is born
San Donato Milanese (Milan), 25 July 2018 – Snam, through the newly created company Cubogas s.r.l., wholly-owned by Snam4Mobility, has today completed the acquisition of the business arm dedicated to technological solutions for natural gas supply stations of M.T.M., a Westport Fuel Systems Inc. company.
Cubogas takes its name from the best-known commercial brand included in the assets acquired. The total value of the transaction is 12.5 million euro, subject to certain adjustments.
Thanks to this acquisition, Snam will be able to increase the level of service it offers to investors in natural gas- and renewable gas-powered transport, as it will be supplying one of the best technologies for pollution reduction available, one that can help improve air quality.
17/5/2018 -
SNAM: AGREEMENT WITH WESTPORT FUEL SYSTEMS TO ACQUIRE COMPRESSOR BUSINESS FOR SUSTAINABLE GAS-POWERED MOBILITY
The transaction includes the Cubogas brand, an international leader in CNG supply systems San Donato Milanese, 17 May 2018 - Snam signed through its subsidiary Snam4Mobility an agreement to acquire the business arm operating in the design, development and production of technological solutions for natural gas fuelling stations for the automotive sector of M.T.M., which is controlled by the Westport Fuel Systems group. The acquisition, which includes the Cubogas brand, will allow Snam to internalize and consolidate entirely the value created along the chain, positioning itself as a leader in providing “turnkey” solutions for sustainable natural gas mobility. The completion of the acquisition, which will be carried out by a newly established company 100% controlled by Snam4Mobility, is expected in July, after meeting certain conditions including trade union procedures. The company will work to further develop the strengths of Cubogas such as brand value, customer orientation and level of service. The value of the transaction is 12.5 million euro, subject to a price adjustment mechanism at closing. The use of compressed natural gas (CNG) in transports is one of the best technologies available to reduce polluting emissions and improve air quality in cities.
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ACT Expo 2016 - Long Beach, CA - USA
1/1/2017 -
New BRC FuelMaker brochure 2017 online!
8/4/2016 -
Gas Show 2016 Warsaw - Poland
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