Cryogenic Industries and Nikkiso Cryo, subsidiaries of Nikkiso Co, yesterday announced their functional consolidation as Nikkiso Cryogenic Industries Group.
Consisting of California-based Cryogenic Industries and its subsidiaries ACD, Cosmodyne and Cryoquip, and Las Vegas-based Nikkiso Cryo, Nikkiso Cryogenic Industries Group will provide innovative equipment and solutions in liquid gases and beyond.
The group’s creation involves the strengthening and development of five functional units of the companies:
Through joint research and innovation, the group will provide increased engineering and systems solutions for market development.
Peter Wagner, President and CEO of Cryogenic Industries, said, “One key benefit of our new business approach is the capacity to expand our offerings and provide a comprehensive product line for clean energy such as LNG and hydrogen, in addition to our existing line of products for industrial gases. We’re calling this segment our ‘One Clean Energy Group.”
“We are looking forward to working together with Nikkiso Cryo as Nikkiso Cryogenic Industries Group, with our shared experience, resources and commitment to quality. This will allow us to focus more closely on our customers’ needs, providing individual support, service and solutions.”
The functional consolidation will provide the opportunity for a more expansive look at the customer’s product experience and extend the group’s global reach across increased markets. The full integration will take place over the next several months.