# 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.

- Type: Acquisition
- Announced: 2022-11-09
- Value: $4.40B
- Status: announced
- Products: fans, compressors, rotary heat exchangers, steam turbines, air and gas handling products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [KPS Capital Partners](https://endata.com/companies/1184.md) (partner)
- [Chart Industries](https://endata.com/companies/1608.md) (acquirer)
- [Howden](https://endata.com/companies/2964.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/11/09/2551864/0/en/chart-industries-inc-to-acquire-howden.html), 2022-11-09: "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."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/kps-capital-partners-to-sell-howden-to-chart-industries-812800984.html), 2022-11-09: "KPS Capital Partners, LP announced today that it has signed a definitive agreement to sell its portfolio company, Howden"
- [gascompressionmagazine.com](https://gascompressionmagazine.com/2023/03/15/chart-industries-receives-all-regulatory-clearances-to-close-howden-acquisition/), 2023-03-15: "On March 13, Chart received all regulatory approvals required to close the acquisition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.