Cryogenic Industries Holdings, Inc. has been acquired in a 100% takeover by Nikkiso Co., Ltd.
Nikkiso’s Board of Directors concluded a share purchase agreement on 20th April, which sees the Tokyo-based corporation acquire 100% of Cryogenic Industries’ shares.
The acquisition, which will be executed through Nikkiso International Co., Ltd, is worth roughly $440m. The deal is expected to be complete by August 2017.
Cryogenic Industries houses ACD LLC, Cosmodyne LLC, Cryoquip LLC and Cryogenic Industries AG (CIS). Collectively, the group is one of the world’s leading players for a wide range of products and services for liquefaction and separation plants for air gases and small-scale liquefied natural gas (LNG) liquefaction plants.
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