Nikkiso Clean Energy & Industrial Gases Group Acquires Cryotec Anlagenbau GmbH, Wurzen, Germany
Published by Todd Bush on January 11, 2023
TEMECULA, Calif., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Nikkiso Cryogenic Industries' Clean Energy and Industrial Gases Group ('Group'), a part of Nikkiso Co., Ltd (Japan), has entered into an agreement to acquire Cryotec Anlagenbau GmbH, (Wurzen close to Leipzig, Saxony, Germany) 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.'Our acquisition of Cryotec will allow the Group to expand our footprint in Europe, and broaden our expertise in carbon capture and biogas technologies', according to Ole Jensen, Vice President, Europe. 'We look forward to bringing Cryotec into our Nikkiso family.
This acquisition exemplifies our passion to provide, efficient, performance-based products and service,' according to Peter Wagner, CEO of Cryogenic Industries and President of the Group.
This acquisition represents their commitment to and support of the European market. The acquisition is expected to close during Q1, 2023
ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture, and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.For more information, please visit www.NikkisoCEIG.com and www.nikkiso.com.
MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
[email protected]
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
This Washington Plant Just Made Jet Fuel From Air
Inside This Issue ⚡ AirPlant One Opens in Moses Lake: America's First Commercial E-Jet Fuel Plant Begins Operations 🏗️ Inside Holcim’s CaptureLab, Our Industry’s First Carbon Capture Test Platform...
-
Stratos Passed Its Tests. So What's the Holdup?
Inside This Issue 🏭 Stratos DAC Delay: Inside the Holdup at the World's Largest Carbon Capture Plant 🍁 TD Bank Signs Two DAC Deals in a Week: Deep Sky Is First 🛫 Technip Energies, Airbus, Safran a...
-
$20M Bet: JPMorgan Is Burying Carbon Under the Rockies
Inside This Issue 🧪 Charm Industrial Secures 61,500-Ton Carbon Removal Purchase and $20 Million Debt Financing to Catalyze Growth ✈️ IATA Urges Bigger Green Aviation Fuel Push as Production Stagna...
Company Announcements
-
From Concept to Reality: Exmar Takes Delivery of First Ammonia-Fuelled Oceangoing Ship
The first in a series of ofur midsize gas carriers, Antwerpen will act as a proving ground for ammonia as a marine fuel, advancing low- and zero-carbon fuels and informing future vessel design Up ...
-
Bayer Hopes to Speed Up Biofuel Feedstock Plan Amid Iran War Energy Crunch
LONDON, June 10 (Reuters) - Bayer (BAYGn.DE), opens new tab is hoping to speed up a plan to facilitate North American production of biofuel feedstocks like camelina in the wake of the Iran war, the...
-
Mitsubishi Electric and Finland's VTT Establish Core Technology for Direct Ocean Capture
System uses gas-capture method and will accelerate societal implementation by integrating with existing infrastructure TOKYO--(Business Wire)--Mitsubishi Electric Corporation (TOKYO: 6503) today a...
-
FASTECH and Bosch Rexroth to Build World's Largest Hydrogen Refueling Station for Transit Buses
San Mateo County, California, USA, June 10, 2026 (GLOBE NEWSWIRE) -- FASTECH, in collaboration with Bosch Rexroth, announced that they have been contracted by the San Mateo County Transit District ...