Chart Industries, Inc. has completed the previously announced acquisition of GOFA Gocher Fahrzeugbau GmbH and related companies (GOFA).
GOFA will be operated as part of Chart's Distribution & Storage (D&S) business segment.
“Now that the acquisition has been completed, we look forward to integrating GOFA and its leading mobile cryogenic products during the balance of 2011,” stated Tom Carey, President of Chart D&S.
“GOFA will expand the array of mobile products and services we can provide to our customers worldwide.”
GOFA, located in Goch, Germany, designs, manufactures, sells, and services cryogenic and non-cryogenic mobile equipment primarily for the European region. Since 1962, GOFA has been supplying a variety of customers in the industrial gas, energy, chemical and other industries. GOFA's cryogenic mobile business completes Chart's European LNG product offering, allowing for comprehensive LNG product solutions.
As previously announced by Chart, the acquisition is expected to be accretive to Chart's 2011 earnings. GOFA projects its full-year 2011 revenues to be €22m. Chart D&S is a leading cryogenic equipment provider for the industrial gas and LNG markets, manufacturing a full line of portable, stationary and mobile products under the Dura-Cyl®, Bulk Tank VS-01™,Trifecta®, Perma-Cyl®, Liquid Tube Trailer™ and Orca® brands.