Nikkiso Clean Energy & Industrial Gases Group acquires Cryotec Anlagenbau GmbH
Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group, a part of Nikkiso Co. Ltd. (Japan), has entered into an agreement to acquire Cryotec Anlagenbau GmbH for an undisclosed amount.
A global plant engineering and construction company, Cryotec provides planning, project management, manufacturing and engineering services of skid-mounted/containerized air separation and liquefaction plants, and CO2 technologies offering tailored solutions to their customers.
Cryotec will operate as part of the Group’s GmbH facility, based in Neuenburg am Rhine, Germany. The Group consists of six functional business units: Cryogenic Pumps, Heat Exchanger Systems, Process Systems, Fueling & Solutions, Energy Infrastructure & Strategic Projects and Service.
The acquisition is expected to close during Q1, 2023.
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