Loading...
Loading...
chart-industries-to-divest-oxygen-related-products-business-to-ngk-spark-plug
chart-industries-to-divest-oxygen-related-products-business-to-ngk-spark-plug

Chart Industries to divest oxygen-related products business to NGK Spark Plug

0

Chart Industries, Inc. has signed a definitive agreement to divest its oxygen-related products business within the BioMedical segment to Japanese company NGK Spark Plug Co., Ltd. for $133.5m.

The sale is expected to close within the fourth quarter of 2018 and follows the news last week that Chart will acquire Italy-based VRV s.p.a. and its subsidiaries for €125m (approx. $147m based on current exchange rates).

“This is a logical next step for our business and a strategic decision that will further enable us to concentrate on our core businesses that share common customers, technologies and end markets,” said Jill Evanko, Chart’s President and Chief Executive Officer.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...