Chart completes $410m acquisition of heat exchangers specialist

For illustration purposes only (Image courtesy of Chart)

US-based LNG equipment provider Chart Industries completed the previously announced acquisition of the heat transfer solutions company, Hudson Products, for $410 million.

Hadson was majority-owned by funds managed by Riverstone Holdings.

Hudson’s brands and products are used in refining, petrochemical, natural gas, power, and other industrial and commercial end markets. Air-cooled heat exchangers and axial flow cooling fans account for approximately 37 percent of Hudson’s total net sales.

Hudson complements Chart’s Energy & Chemicals segment with the addition of its Fin-Fan brand and other air-cooled heat exchangers which broaden E&C’s end market diversity from primarily LNG, industrial and natural gas, Chart said.

“Hudson and Chart’s innovative, engineering focused cultures will work well together to continue to develop full service solutions,” said Chart Chief Executive Bill Johnson.

“This acquisition expands our E&C lifecycle aftermarket presence from $50 million to $125 million in annual revenue,” he added.



Share this article

Follow LNG World News


<< Oct 2017 >>
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG Pricing, Trading & Risk Management – 3-Day Course

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools…

read more >


The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

EAGC 2017

EAGC 2017 sees a new format that combines the conference programme with targeted networking…

read more >