GTLS - Chart Industries to acquire Howden for $4.4B
- Chart Industries ( NYSE: GTLS ) is set to acquire mission critical air and gas handling products and services provider, Howden, from the affiliates of KPS Capital Partners for $4.4B.
- GTLS has signed a definitive agreement for the acquisition.
- The purchase will be funded through a combination of cash and shares of a newly created class of preferred stock.
- The acquisition, which will result in estimated combined revenue of ~$3.4B for Chart Industries based on the trailing twelve months as of Aug. 31, is expected to close in H1 2023.
- GTLS shares were trading -3.22% pre-market.
For further details see:
Chart Industries to acquire Howden for $4.4B