M&A Deal Summary

Chart Industries Acquires Cryogenic Service Center

On May 18, 2022, Chart Industries acquired business services company Cryogenic Service Center for 4M USD

Acquisition Highlights
  • This is Chart Industries’ 1st transaction in the Business Services sector.
  • This is Chart Industries’ 8th largest (disclosed) transaction.
  • This is Chart Industries’ 1st transaction in Sweden.

M&A Deal Summary

Date 2022-05-18
Target Cryogenic Service Center
Sector Business Services
Buyer(s) Chart Industries
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Cryogenic Service Center

Gothenburg, Sweden
website
Cryogenic Service Center offers turnkey solution for service and maintenance of vacuum insulated transport containers for liquid gases. Cryogenic Service Center is based in Gothenburg, Sweden.

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Buyer(S) 1

Buyer

Chart Industries

Ball Ground, Georgia, United States

website


Category Company
Founded 1859
Sector Machinery
Employees4,771
Revenue 1.3B USD (2021)
DESCRIPTION
Chart Industries' corporate headquarters in Garfield Heights, Ohio.
Chart Industries' corporate headquarters in Garfield Heights, Ohio.

Chart Industries is a provider of cryogenic equipment used in industrial gas, hydrocarbon, and medical applications. Chart Industries was formed in 1992 and is based in Garfield Heights, Ohio. Chart Industries was incorporated in 1859 and is headquartered in Ball Ground, Georgia.


DEAL STATS #
Overall 15 of 17
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 13 of 15
Country (Sweden) 1 of 1
Year (2022) 1 of 3
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Sustainable Energy Solutions

Orem, Utah, United States

Sustainable Energy Solutions develops practical, innovative, and cost-effective solutions to sustainability problems within the energy industry. The primary focus of SES is Cryogenic Carbon Capture (CCC) is designed to separate a nearly pure stream of CO2 from power plant gases. This technology adds a process to the plant after the normal energy production and there separates the CO2 from the other gases.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Fronti Fabrications

Palmerton, Pennsylvania, United States

Fronti Fabrication is a specialist in engineering, machining, and welding for the cryogenic and gas industries, and also supplies new build pressure vessels and performs repairs with certification to the American Society of Mechanical Engineers (ASME) code. Fronti Fabrications was established in 2003 and is headquartered in Palmerton, Pennsylvania.

Buy $20M