Air Products today announced it has acquired advanced adsorption technology assets for its generated gases product lines from Xebec Adsorption, Inc.
Air Products has purchased the technology, intellectual property and know-how related to structured adsorbents, beaded adsorbents, and rotary valves from Xebec, a publicly-traded Canadian company specializing in adsorption technology headquartered in Blainville, Quebec. Terms of the acquisition were not disclosed.
"This acquisition will strengthen and differentiate our current offering portfolio and gives us immediate access to this innovative technology," said Victoria Boyd, general manager, Global Generated Gases at Air Products.
"Adsorption process technology is a core competency of Air Products and a key component of our gas generation plants that produce significant revenues. The acquisition moves Air Products' adsorption technology platform to a unique proprietary position compared to our competitors."
Monty Alger, chief technology officer at Air Products added that, "the technology will allow for smaller footprint plants and higher process efficiencies for customers, along with other sustainability benefits."
As part of the deal, Air Products will acquire more than 100 patents with significant focus on areas directly related to its existing business interests. Air Products has also acquired Xebec's technology center and testing facilities in Burnaby and Surrey, both located in British Columbia.
Terms of the deal also include a grant-back license to allow Xebec to continue to sell its systems, predominantly in the biogas, natural gas and associated gas purification markets.
