Hexagon Composites - M&A Activity 2014

Hexagon Composites acquires assets of MasterWorks Machining, Inc. and Helman Tensioners, Inc.

Hexagon Composites' wholly owned subsidiary Hexagon Lincoln has closed on a

transaction acquiring the main assets of MasterWorks family of businesses:

MasterWorks Machining, MasterWorks Composite Solutions and Helman Tensioners.

MasterWorks and Helman Tensioners specialize in providing innovative design and

manufacturing solutions for the composites industry. This acquisition enhances

Hexagon Composites' technology leadership and manufacturing robustness, which

will strengthen the Group's position as the global leader in the industry, and

will provide additional capabilities for further expansions.

The agreed transaction value is USD 1.7 million. The transaction has effect as

of 10 October 2014.

Located in Maryland on the US East Coast, MasterWorks has 29 employees.

The business will operate under a newly formed entity, MasterWorks, Inc., as a

wholly owned subsidiary of Hexagon Lincoln, and will continue its offering of

world class services and products to the composites industry.

For more information:

Jack Schimenti, Managing Director, Hexagon Lincoln, Inc.

Telephone: +1 402 470 5044 | [email protected]

Solveig D Saether, Communication Manager, Hexagon Composites ASA

Telephone: +47 906 34 977 | [email protected]

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1862410]

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