Chart Industries, Inc. is aiming to expand its cryogenic business to Italy, India and the Middle East after its acquisition of VRV s.p.a.
As part of a strategic realignment of the business, Chart purchased VRV for €125m (approx. $147m based on current exchange rates), plus existing debt (just under €70m, or $83m) and divested Caire, its oxygen business, to Japanese company NGK Spark Plug Co., Ltd. for $133.5m.
Chart is a leading diversified global manufacturer of highly engineered cryogenic equipment used from the beginning to end in the liquid gas supply chain.
... to continue reading you must be subscribed
