Acquisitions

Global industrial gases group Nippon Sanso Holdings Corporation (NSHD) has sold its majority stake in Thai industrial gas distributor Taiyo Gases, as it continues to refocus its operations in Asia and globally.

Business management software company ECI Software Solutions (ECI) has acquired specialist industrial software business Davisware to expand its footprint in the commercial HVAC and refrigeration business, among other industries.

Missouri-based industrial gases and equipment distributor CK Supply has acquired Columbia Welding and Machine, a welding supplies and compressed gas specialist in Columbia in the same state.

Energy and chemicals company Aramco has acquired a 50% stake in Air Products Qudra’s (APQ’s) blue hydrogen subsidiary in Saudi Arabia, Blue Hydrogen Industrial Gases Company (BHIG).

Swedish manufacturing firm Alfa Laval has signed a binding put-option agreement to acquire Fives Cryogenics, a French business specialising in cryogenic heat transfer and pump technologies, for €800m.

EnTrans International, a US manufacturer of tank trailers and transportation hardware, has been acquired by Canadian home heating products company TerraVest Industries in a deal worth $546m.

Ken West, President and CEO of Energy and Sustainability Solutions (ESS) at Honeywell, outlines how the Air Products LNG process technologies acquisition creates a new industry execution model

The Kenan Advantage Group (KAG) has acquired Evergreen Transport, an Alabama-based transportation company.

Honeywell has agreed to buy Sundyne from private equity firm Warburg Pincus for $2.16bn in an all-cash deal which is expected to close in the second quarter.

Nippon Sanso Holdings Corporation (NSHD) intends to continue spending big on gas production infrastructure as well as hoping to make further acquisitions to strengthen its position in the global industrial gas market.