Chart Industries, Inc. has announced it will acquire the Industrial Air-X-Changers business of Harsco Corporation.
The $592m acquisition of Harsco AXC is a significant step for Chart in executing its strategy to focus on cryogenic expertise for the industrial gas and energy spaces.
Harsco AXC brings Chart access to the compression market for air cooled heat exchangers (ACHX), completing Chart’s full ACHX offering for both process and compression.
“This is a perfect match of two businesses with complementary strengths that together will generate more value for our customers and even stronger financial results,” said Jill Evanko, Chart’s President and CEO.
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