GTLS - Mergers and acquisitions

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisition of Howden Roots LLC ("Roots") from Chart Industries, Inc. (NYSE:GTLS) in an all-cash transaction of approximately $300 million. Roots expands Ingersoll Rand's product portfolio with new and incremental low-pressure compression and vacuum technologies. The business goes to market under the widely recognized Roots brand, which was founded in 1854. Roots has approximately $115 million in revenue and an established installed base that supports a strong aftermarket business model. As part of the transaction, Ingersoll Rand assumed ownership of the Connersvi

ATLANTA, May 31, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. ("Chart") (NYSE:GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, today completed the acquisition of Fronti Fabrications, Inc. ("Fronti") for $20 million (subject to customary adjustments). Fronti 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 American Society of Mechanical Engineers (ASME) code. With over 20 years of experience in liquefaction, heat exchangers and cold boxes, Fronti adds a kno

ATLANTA, May 18, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. ("Chart") (NYSE:GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, completed the acquisition of CSC Cryogenic Service Center AB, a Swedish company ("CSC") for approximately $4 million. CSC brings a strong service footprint in the Nordic Region with many overlapping customers to Chart, allowing us to broaden our service and repair presence geographically. Our strong original equipment ("OE") installed base and continued OE forecasted growth in the Nordic region will benefit from this localized support. Not only does this exp

ATLANTA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. ("Chart") (NYSE:GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including carbon capture, today completed the acquisition of Earthly Labs, Inc. ("Earthly Labs"). The purchase price for the 85% of Earthly Labs that Chart did not already own was $62 million (subject to customary adjustments), of which approximately 62% is being paid in cash and 38% is being paid in shares of common stock of Chart, par value $0.01 (to certain sellers of Earthly Labs who are accredited investors). Such shares of common stock of Chart are valu

ATLANTA, July 01, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. ("Chart") (NYSE:GTLS) today announced the acquisition of L.A. Turbine ("LAT" or "L.A. Turbine") for $80 million in cash (subject to certain customary adjustments).   L.A. Turbine is a global leader in turboexpander design, engineering, manufacturing, assembly and testing process for new and aftermarket equipment, with significant in-house engineering expertise. Expanders are utilized in the following Chart offerings, and with LAT in the Chart portfolio, we now can offer a more comprehensive "one stop shop" solution and provide more options for our customers in these applications: Hydrogen & helium liquefactionCarbon capt

ATLANTA, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today announced the acquisition of Cryogenic Gas Technologies, Inc. (“Cryo Technologies” or CT”) for $55 million in cash (subject to certain customary adjustments). Cryo Technologies is a global leader in custom engineered process systems to separate, purify, refrigerate, liquefy and distribute high value industrial gases such as hydrogen, helium, argon and hydrocarbons with design capabilities for cold boxes for hydrogen and helium use. The distribution systems Cryo Technologies supplies are located within the helium and hydrogen liquefaction facilities and are inclusive of trailer loading systems, wh

ATLANTA, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (Nasdaq: GTLS) today completed the previously announced acquisition of Sustainable Energy Solutions, Inc (“SES”). SES’s Cryogenic Carbon Capture™ (“CCC”) technology eliminates most emissions from fossil fuels while enabling better use of intermittent renewables through grid-scale energy storage. Coupling SES’s CCC technology with our air-cooled heat exchangers, brazed aluminum heat exchangers, IPSMR® refrigeration/liquefaction system and cryogenic storage and transport equipment creates a one-stop full solution option for those looking for integrated technology and equipment. As previously announced, effective wit

ATLANTA, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including hydrogen, today announced the completion of an investment in HTEC Hydrogen Technology & Energy Corporation (“HTEC”) in the amount of CAD $20 million for 15.6% of its capital stock on a fully-diluted basis. HTEC designs, builds, and operates hydrogen fuel supply solutions to support the deployment of hydrogen fuel cell electric vehicles. It has significant hydrogen development experience in the Canadian market, with signed contracts for numerous