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Chart Industries acquires Howden in US$4.4bn deal

Chart Industries has signed an agreement to acquire Howden, a leading global provider of mission critical air and gas handling products and services, from affiliates of KPS Capital Partners, LP. The purchase price is $4.4 billion and will be funded through a combination of cash and shares of a newly created class of preferred stock. Howden’s reciprocating and centrifugal compressors are an ideal fit for Chart’s hydrogen and helium liquefaction & small-scale LNG processes.

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