GTLS - Chart Industries acquires Cryo Technologies for $55M

Chart Industries ([[GTLS]] +3.0%) acquired Cryogenic Gas Technologies, provider for custom engineered process systems to separate, purify, refrigerate, liquefy and distribute high value industrial gases, for $55M in cash.Both the businesses have a very active commercial order pipeline and there are multiple requests for hydrogen liquefaction and processing.CT is expected to be immediately accretive to Chart contributing ~$30M in revenue and $0.15 to $0.20 of non-diluted EPS.Chart will provide update 2021 outlook on Feb.18.

For further details see:

Chart Industries acquires Cryo Technologies for $55M