MAN D&T acquires Cryo AB’s fuel gas business

MAN D&T acquires Cryo AB's fuel gas business

MAN Diesel & Turbo’s Swedish unit revealed it will acquire the marine fuel gas supply system business from Gothenburg-based Cryo AB, part of the Linde Group.

The FGSS business will be integrated into the company’s four-stroke marine business, MAN Diesel & Turbo said in a statement on Thursday.

Uwe Lauber, CEO of MAN Diesel & Turbo said, the acquisition allows the company to further shape its profile in the dual-fuel and liquefied natural gas propulsion segment.

The transaction is scheduled to be closed in February 2016, the statement reads.

 

LNG World News Staff; Image: MAN Diesel & Turbo

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