KIKK Capital exits LIQAL

LIQAL acquired by Dover Fueling Solutions. 

KIKK Capital is proud to announce that its portfolio company LIQAL is acquired by Dover Fueling Solutions, part of Dover Corporation, the market leader in the fueling industry in Europe.

Founded in 2014, LIQAL’s vision is to make greener and cleaner alternative fuel options accessible throughout the transport sector. LIQAL specialized in small-scale LNG and hydrogen technologies. Using its experience in the gas-based alternative fuel market, LIQAL developed strong innovative capabilities and a high-end, complementary portfolio of products, solutions and services, including remote operations that enables customers to use products without needing to build-up their own expertise.

In 2017, participation by KIKK Capital and BOM has enabled LIQAL’s international growth. LIQAL’s next step comes as the transportation fuel industry is rapidly changing. By joining forces with market leader DFS, it will be possible to accelerate with an impactful contribution to the decarbonisation of the transport sector.

KIKK Capital wishes Jorg and his team all the best with realizing their ambitions.

KIKK Capital invests in LIQAL

KIKK Capital invests in LIQAL

KIKK Capital and BOM (Brabant Development Agency) have invested in LIQAL, a Dutch company that builds LNG and hydrogen fuelling stations for the transport sector. 

LIQAL’s technology makes LNG (liquefied natural gas) more attractive as a replacement for diesel fuel in the heavy road and water transport sector. The use of hydrogen and LNG contributes to improved air quality, is better for the climate and provides financial benefits to transport companies.

The investment will allow LIQAL to continue to grow both in the Netherlands and abroad. In the immediate future, the company intends to recruit additional personnel, some of whom will be engaged to head new projects. LIQAL also intends to use the capital to boost innovation and strengthen its financial stability.

“We want clean, gaseous fuels to become mainstream instead of diesel in the heavy road and water transport sector,” says LIQAL CEO Jorg Raven. “That’s what you see happening right now. We’re proud that KIKK Capital and BOM are showing their confidence with this investment, which will allow us to contribute to a cleaner transport sector.” 

“LIQAL is playing into a trend that actually started to emerge quite some time ago. The market for LNG is really just on the verge of maturing,” says Johan Sebregts. His colleague Patrick Lems adds: “LIQAL is a young, driven company with an innovative technology that is already being used by some industry-leading parties. That’s great to see.”

More information

Here you can read the full press release. Click here for more information about LIQAL or visit www.LIQAL.com