Chart Industries Inc. has completed the acquisition of CSC Cryogenic Service Center AB for approximately US$4 million.
CSC brings a strong service footprint in the Nordic Region with many overlapping customers to Chart, allowing the company to broaden its service and repair presence geographically. Chart’s strong original equipment (OE) installed base and continued OE forecasted growth in the Nordic region will benefit from this localised support.
In addition to expanding Chart’s geographic footprint, the acquisition broadens the company’s repair and service capabilities for mobile equipment, in particular trailers, as well as ISO containers, stationary and transportable tanks, pumps, flowmeters and LNG fuelling stations.
In a statement, Chart said that it has a number of customers looking to it for exclusive full care service and maintenance agreements in this region as well as installation and commissioning capabilities for LNG stations. CSC also brings strong relationships with key customers in the marine industry. Chart expects to realise synergies from the CSC offering with both companies’ marine customers.
“The CSC acquisition opens a broader geographic market to our Repair, Service and Leasing segment and broadens our capabilities for repair and service to our existing customers,” stated Jill Evanko, Chart’s CEO and President. “We want to welcome our CSC team, with whom we have worked over many years. We are pleased to have the CSC team continue as part of the Chart family under the continued leadership of Håkan Karlsson, CSC President.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/19052022/chart-acquires-csc-cryogenic-service-center/