Acquisition of Quantum Fuel Systems Technologies Worldwide Completed
Quantum Fuel Systems Technologies has been acquired by Douglas Acquisitions LLC. The transaction, initiated in April of this year, was just finalized. Effective immediately, the acquired company will be known as Quantum Fuel Systems, a company wholly owned by Douglas, a family-owned $1 billion private equity firm based in Northern California. Going forward, Quantum will continue to provide its CNG technology while being financially positioned to continue to grow its business operations. According to a Quantum spokesperson, immediate enhancements are expected in customer service, support and product offerings.
Quantum is also commercializing its innovative virtual pipeline trailer (available in 500 and 650 thousand scf of storage), a high-capacity transport trailer that optimizes the logistical efficiency of transporting CNG (and other gaseous fuels) by utilizing its proprietary Q-Lite CNG storage tanks at 5,000 PSI. The virtual pipeline trailer will debut later this year.