Vayon Holdings closes dual-fuel company Clean Air Power in UK
05 April 2016
Vayon Holdings Limited has closed its UK subsidiary Clean Air Power Limited (CAP UK). The acquisition of CAP UK in September 2015, a specialist in the development of compression-ignited natural gas systems and software, by Hardstaff Dual Fuel Technology Limited, a subsidiary of Vayon, resulted in the formation of the UK’s largest supplier of dual fuel systems.
The closure of CAP UK will reduce Vayon’s global dual fuel operations to two locations based at their test and validation facilities in the East Midlands and on the West Coast of the US in San Diego.
Whilst we believe that dual fuel technology can make a major contribution as a low carbon alternative for heavy duty on-road and off-highway applications, it has not proven economically feasible to continue operating two independent sites from within the UK. However, we remain committed to working closely with employees and customers in an effort to secure the best possible future for all parties.
—Shane Hussain, Chairman of Vayon
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