All articles tagged with #chart industries
Originally Published 5 months ago — by Baker Hughes
Baker Hughes is acquiring Chart Industries for $13.6 billion to enhance its energy and industrial technology portfolio, aiming for growth in markets like LNG, data centers, and decarbonization, with expected synergies and financial benefits including increased margins and cash flow.
Originally Published 5 months ago — by Financial Times
Baker Hughes is close to a $13.6 billion deal to acquire Chart Industries, surpassing a rival suitor in the process.
Originally Published 7 months ago — by Business Wire
Chart Industries and Flowserve are merging in an all-stock deal to create a leading global platform in industrial process technologies, with an enterprise value of around $19 billion, aiming to enhance market resilience, expand aftermarket revenues, and generate significant synergies and growth opportunities.
Originally Published 2 years ago — by The Motley Fool
The Biden administration's $7 billion investment in hydrogen hubs is expected to catalyze an additional $40 billion in private investment, creating jobs and economic benefits across seven U.S. regions. While many companies were named in these projects, Chart Industries, a specialist in cryogenic tanks and heat exchangers, stands to benefit the most. With its expertise in hydrogen infrastructure and recent acquisition of Howden, a manufacturer of industrial fans and compressors, Chart has seen its total addressable market in hydrogen double in the past year. Additionally, Chart's involvement in natural gas infrastructure and carbon capture technology further positions it for success in the energy transition. The company's stock, which initially sold off after the Howden deal, now presents a potential buying opportunity as the hydrogen hubs kick in.