Acquisitions · Industrial equipment (LNG pumps)
Nikkiso buys California LNG pump maker Cryogenic Industries for about ¥49 billion
- Buyer
- Nikkiso (Tokyo)
- Target
- Cryogenic Industries group (four companies), Temecula, California
- Value
- About ¥49B total
- Status
- Completed in 2017.
- Date
- 2017-04-20
Nikkiso bought four companies in the Cryogenic Industries group of Temecula, California, which make pumps and equipment for liquefied natural gas (LNG) and industrial gases. The total price was about ¥49 billion.
Why it matters
The deal expands Nikkiso's LNG pump business into a wider range of cryogenic equipment as LNG trade grows.
Sources
Kakehashi M&A News home
