Chart Industries, Inc. has received all regulatory approvals required to close the acquisition of Howden from affiliates of KPS Capital Partners, LP. Subject to the satisfaction of additional customary closing conditions, we expect to close such acquisition in the near term pursuant to the terms of the purchase agreement.
Howden is a leading global provider of mission critical air and gas handling products providing service and support to customers around the world in highly diversified end-markets and geographies. Howden manufactures highly engineered fans, compressors, rotary heat exchangers, steam turbines, and other air and gas handling products, services, and solutions. With over 160 years of experience as a world-class application engineering and manufacturing company, Howden enables customers to achieve environmental and operational targets and efficiencies, including decarbonization of operations.
Chart will issue a press release upon closing which will include updated calendar year 2023 guidance for the combined business.
