Industrial Machineryworld trade 2024+4.5% 5Y CAGR
Nov 9, 2022ACQUISITION
Chart Industries to acquire Howden for $4.4 billion
Chart Industries signed a definitive agreement to acquire Howden, a global air and gas handling equipment maker, from KPS Capital Partners for $4.4 billion, funded by cash and preferred stock, with closing expected in the first half of 2023.
Productsfanscompressorsrotary heat exchangerssteam turbinesair and gas handling products
“The purchase price is $4.4 billion and will be funded through a combination of cash and shares of a newly created class of preferred stock.”globenewswire.com
- 3 sources
- globenewswire.comChart Industries, Inc. to Acquire HowdenNov 9, 2022
- newswire.caKPS CAPITAL PARTNERS TO SELL HOWDEN TO CHART INDUSTRIESNov 9, 2022
- gascompressionmagazine.comChart Industries Receives All Regulatory Clearances To Close Howden Acquisition | Gas Compression MagazineMar 15, 2023
Summarized from public sources; check the original articles before acting on it.