M&A Deal Summary

Cryoport Acquires Chart Industries - Cryobiological Products Business

On August 25, 2020, Cryoport acquired medical products company Chart Industries - Cryobiological Products Business from Chart Industries for 320M USD

Acquisition Highlights
  • This is Cryoport’s 1st transaction in the Medical Products sector.
  • This is Cryoport’s largest (disclosed) transaction.
  • This is Cryoport’s 3rd transaction in the United States.
  • This is Cryoport’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2020-08-25
Target Chart Industries - Cryobiological Products Business
Sector Medical Products
Buyer(s) Cryoport
Sellers(s) Chart Industries
Deal Type Divestiture
Deal Value 320M USD

Target

Chart Industries - Cryobiological Products Business

Ball Ground, Georgia, United States
Chart Industries, Inc. - Cryobiological Products Business consists of MVE Biological Products within the Distribution & Storage Western Hemisphere.

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Buyer(S) 1

Buyer

Cryoport

Brentwood, Tennessee, United States
Category Company
Founded 1999
Sector Transportation
Employees1,100
Revenue 233M USD (2023)
DESCRIPTION

Cryoport is a provider of temperature-controlled logistics solutions for life sciences commodities during distribution, serving the biopharmaceutical market with logistics solutions for biologic materials, such as regenerative medicine, including immunotherapies, stem cells, and CAR-T cells. Cryoport's solutions are used by point-of-care, CRO's, central laboratories, pharmaceutical companies, manufacturers, university researchers et al; as well as the reproductive medicine market, primarily in IVF and surrogacy; and the animal health market, primarily in the areas of vaccines and reproduction. Cryoport's proprietary Cryoport Express® Shippers, Cryoportal Logistics Management Platform, leading-edge SmartPak II Condition Monitoring System and geo-sensing technology, paired with unparalleled cold chain logistics expertise and 24/7 client support, make Cryoport the end-to-end cold chain logistics partner that the industry trusts. Cryoport was incorporated in 1999 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 4 of 8
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (Georgia) 2 of 2
Country (United States) 3 of 4
Year (2020) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 MVE Biological Solutions

Ball Ground, Georgia, United States

MVE Biological Solutions is a manufacturer of vacuum insulated products and cryogenic freezer systems for the life sciences industry. MVE provides cryogenic storage and transportation solutions for the life sciences industry through its advanced line of stainless steel freezers, aluminum dewars, and related ancillary equipment used in the storage and transport of life sciences commodities, which includes the rapidly growing cell and gene therapies business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Critical Transport

Castle Hill, Australia

Critical Transport provides premium healthcare logistics management services, specializing in time- and temperature-critical solutions for the medical and pharmaceutical industries. Critical Transport was founded in 2009 and is based in Castle Hill, Australia.

Buy $5M

Seller(S) 1

SELLER

Chart Industries

Ball Ground, Georgia, United States
Category Company
Founded 1859
Sector Machinery
Employees11,637
Revenue 3.4B USD (2023)
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 incorporated in 1859 and is headquartered in Ball Ground, Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (Georgia) 2 of 2
Country (United States) 2 of 2
Year (2020) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 MVE Biological Solutions

Ball Ground, Georgia, United States

MVE Biological Solutions is a manufacturer of vacuum insulated products and cryogenic freezer systems for the life sciences industry. MVE provides cryogenic storage and transportation solutions for the life sciences industry through its advanced line of stainless steel freezers, aluminum dewars, and related ancillary equipment used in the storage and transport of life sciences commodities, which includes the rapidly growing cell and gene therapies business.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 BlueInGreen

Fayetteville, Arkansas, United States

BlueInGreen LLC is a water cleantech company and gas-dissolution expert that provides the most efficient method of dissolving gases in water. BIG solutions empower water treatment professionals to make a difference by making water treatment processes more efficient, more effective, safer, and more environmentally sound.

Buy $26M
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