Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:58 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 manufactures cryogenic equipment servicing multiple market applications in the industrial gas and clean energy industries. Co.'s segments are: Cryo Tank Solutions, which designs and manufactures cryogenic solutions for the storage and delivery of cryogenic liquids; Heat Transfer Systems, which facilitates main natural gas, petrochemical processing, petroleum refining, power generation and industrial gas companies in the production or processing of their products; Specialty Products, which supplies equipment used in specialty end-market applications; and Repair Service and Leasing, which provides installation, service, repair, maintenance, and refurbishment of its products.
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