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Nikkiso Cryogenic Industries’ Clear Vitality and Industrial Gases Group, part of Nikkiso Co., Ltd (Japan), have entered into an settlement to accumulate Cryotec Anlagenbau GmbH for an undisclosed quantity.
A worldwide plant engineering and development firm, Cryotec offers planning, challenge administration, manufacturing and engineering companies of skid-mounted/containerised air separation and liquefaction crops, and carbon dioxide applied sciences providing tailor-made options to their clients.
Cryotec will function as a part of the group’s GmbH facility, based mostly in Neuenburg am Rhine, Germany. The group consists of six practical enterprise items: Cryogenic Pumps, Warmth Exchanger Methods, Course of Methods, Fuelling and Options, Vitality Infrastructure and Strategic Initiatives and Service.
“Our acquisition of Cryotec will permit the Group to develop our footprint in Eu-rope, and broaden our experience in carbon seize and biogas applied sciences,” mentioned Ole Jensen, Vice President, Europe.
“We stay up for bringing Cryotec into our Nikkiso household. This acquisition exemplifies our ardour to offer, environment friendly, performance-based merchandise and repair,” added Peter Wagner, CEO of Cryogenic Industries and President of the Group.
This acquisition represents their dedication to and assist of the European market. The acquisition is anticipated to shut throughout 1023.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/09012023/nikkiso-clean-energy-and-industrial-gases-group-acquires-cryotec-anlagenbau-gmbh/
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