Chart Industries completes acquisition of Howden


Chart Industries has completed the $4.4bn acquisition of air and gas handling products and service provider Howden.

The acquisition has allowed Chart to gain immediate access to new customers and commercial opportunities, increasing its geographical footprint to over 35 countries.

As a result of these gains, Chart is on track to meet or exceed its previously announced targets for $175m of annualised cost synergies and $150m of commercial synergies in the first year of ownership.

The combination of Chart and Howden also provides access to new specialty products and ESG-linked end markets such as nuclear, energy recovery and electrification.

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