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Chart Industries receives regulatory clearances for Howden acquisition

Published by , Senior Editor
Hydrocarbon Engineering,

Chart Industries Inc. has announced that it has received all regulatory approvals required to close the acquisition of Howden from affiliates of KPS Capital Partners LP.

Subject to the satisfaction of additional customary closing conditions, Chart Industries expects to close the acquisition in the near-term, pursuant to the terms of the purchase agreement.

Howden is a leading global provider of mission critical air and gas handling products providing service and support to customers around the world in highly diversified end-markets and geographies. Howden manufactures highly engineered fans, compressors, rotary heat exchangers, steam turbines, and other air and gas handling products, services, and solutions.

Chart confirmed that it will issue a press release upon closing, which will include updated calendar year 2023 guidance for the combined business.

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