𝐇𝐞𝐱𝐚𝐠𝐨𝐧 𝐀𝐠𝐢𝐥𝐢𝐭𝐲 𝐬𝐢𝐠𝐧𝐬 𝐞𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐈𝐯𝐞𝐜𝐨 𝐁𝐮𝐬

The three-year agreement covers the exclusive supply of Hexagon Agility’s fuel systems and #Type4carbonfibrecylinders across Iveco’s CNG bus range.

For 2026, annual revenues from deliveries to #IvecoBus, including deliveries under this agreement, are estimated to be €20 million.

Iveco is the European leader in natural gas commercial vehicles, with a leading position in sustainable public transport and a worldwide presence across Latin America, Asia Pacific, Africa and the Middle East.

“Our two-decade long collaboration with Iveco, rooted in Europe and expanding globally, continues to enable #CNG and #biomethane fuelled buses to reduce emissions and operator costs for transit fleets,” said Eric Bippus, Chief Commercial Officer, Hexagon Agility. “Building on more than 10,000 buses delivered together, this new and extended agreement reinforces our role in supporting the continued improvement of global public transport systems.

About the market

Buses remain the backbone of public transport worldwide, accounting for approximately 48% of public transport journeys, according to the International Association of Public Transport (UITP).

Across global markets, decarbonisation pathways are increasingly application- and region-specific, with fleets and authorities adopting electric, CNG, hybrid, or combination solutions, depending on the energy available to them, and their fleets performance needs.

CNG and biomethane (its drop-in renewable form) are proven, scalable solutions for public transport, delivering immediate emissions reductions and lower operating costs. In Europe, CNG and biomethane buses represented 7% of city bus registrations in 2025, rising to more than 20% in France, Greece, and Italy (T&E).

Timing

The fuel systems will be produced at Hexagon Agility’s facility in Kassel, Germany. First deliveries under this agreement will start in Q3 2026.

source : Hexagon Composites ASA