Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jan. 21, 12:53 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #71. Chart Industries, Inc. — Wuxi City Zhongbo Heat Exchanger Co., Ltd. brazed aluminum heat exchanger
Acquirer:
Chart Industries, Inc. (NYSE:GTLS)
Acquiree:
Wuxi City Zhongbo Heat Exchanger Co., Ltd. brazed aluminum heat exchanger
Details:
Chart Industries, Inc. (Nasdaq:GTLS), a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, announced today that it has entered into an agreement with Wuxi City Zhongbo Heat Exchanger Co., Ltd., to acquire the company's brazed aluminum heat exchanger ("BAHX") business. Financial terms of the agreement were not disclosed.
Chart Industries is a manufacturer of equipment servicing multiple market applications in energy and industrial gas. Co.'s product portfolio is used throughout the liquid gas supply chain in the production, storage, distribution and end-use of atmospheric, hydrocarbon, and industrial gases. Co.'s equipment and systems are primarily used to cool gases often to cryogenic liquid temperatures and then to transport and store them as liquids. Co.'s products include vacuum insulated containment vessels, heat exchangers, cold boxes, liquefaction process units, other cryogenic components, gas processing equipment, ambient temperature fans and after market services.
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Avg. Broker Rec.
 
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Strong Buy (3.57 out of 4) 49th percentile
(ranked lower than approx. 51% of all stocks covered)
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