Loading…
Japan's Nikkiso closed its acquisition of California-based Cryogenic Industries Inc and Cryogenic Industries AG of Basel, makers of cryogenic centrifugal and reciprocating pumps and equipment for industrial gas and LNG markets. The deal value was not disclosed.
Nikkiso agreed to acquire the business and trademarks of California-based Cryogenic Industries, including ACD, Cosmodyne, Cryoquip and 18 subsidiaries, in a deal valued at around US$438 million.
Nikkiso Co agreed to acquire Cryogenic Industries, which makes cryogenic pumps and equipment for industrial gas, LNG and energy markets. The acquisition is expected to close in August 2017, subject to regulatory approvals.
