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Expands offerings across stationary and rotating equipment for multiple applications and end markets, including industrial gas, hydrogen, LNG, water treatment, carbon capture, and energy transition.
Chart Industries completed its acquisition of Howden, expanding its offering of stationary and rotating equipment as well as specialty products and into end markets, such as nuclear, energy recovery, and electrification..
With the acquisition, in which Chart paid approximately $4.4 billion, Howden also acquired 750 engineers.
“We are excited to welcome the Howden team to the Chart family and look forward to the combined business,” stated Jill Evanko, CEO and President of Chart.
The purchase expands Chart’s reach to over 35 countries. This new geographic footprint allows for increased commercial and manufacturing capabilities as well as the ability to bid on projects regionally.
Aftermarket, service, and repair will represent approximately 30% of the combined organization. Chart has plans to leverage Uptime and Ventsim, Howden’s digital offerings.
The new Chart executive management team will include a balance of Chart and legacy Howden executives.