Clean Energy Fuels To Purchase Exterran’s Gas Station Business

Posted by Tate Dwinnell | # |
08:38:31 am on May 8, 2009

Clean Energy Fuels just announced that it is buying Exterran’s  natural gas fueling station business. The $5.9 million deal includes all of Exterran’s natural gas stations as well as Exterran’s four maintenance contracts with transit operators.

In an article from Reuters, Clean Energy Fuel’s CEO Andrew Littlefair commented on the purchase:

"Besides the immediate volume and revenue benefits for Clean Energy, this strategic acquisition expands our participation in the transit industry nationwide," Chief Executive Andrew Littlefair said.

He added that with more than 20 percent of United States transit buses running on natural gas fuel, the deal would also help the company position itself better to qualify for new contracts, renewals and extensions with transit agencies.

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