Air Products has announced that it has acquired the Rotoflow™ turboexpander business, including all engineer and service capabilities, from Baker Hughes, a GE company (BHGE). The transaction closed on 30 June 2018, and financial terms have not been disclosed.
This acquisition extends Air Products’ existing industrial gas and LNG turboexpander capabilities into growing hydrocarbon, petrochemical and energy segments.
Existing Air Products and Rotoflow turboexpander capabilities will be integrated into a new Air Products business division known as 'Rotoflow, an Air Products Business.'
“We are confident Air Products will be a great home for the Rotoflow turboexpander business,” said Luca Maria Rossi, Vice President Product Management of BHGE’s Turbomachinery and Process Solutions. “BHGE will continue to supply turboexpander units and related services, which are suitable for a variety of gas processing and other industrial applications, under the trade name of Nuovo Pignone™”.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/23082018/air-products-acquires-bhges-rotoflow-turboexpander-business/