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BayoTech to become a full-service hydrogen supplier; acquires IGX Group

BayoTech to become a full-service hydrogen supplier; acquires IGX Group

BayoTech is now a full-service hydrogen supplier, offering localised production, transport, storage and fuelling solutions.

The company’s expansion is a result of the completed acquisition of IGX Group, a manufacturer of high-pressure, cylinder-based hydrogen storage and delivery equipment.

Confirming the news on Thursday (July 2), BayoTech said that it also acquires IGX affiliate companies, NorAm Valves and Gas Transport Leasing.

On the transaction, Mo Vargas, CEO of BayoTech, said, “By combining forces with IGX, we are disrupting the established centralised hydrogen supply chain with a new, highly efficient model of local hydrogen production hubs.

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