decarbonfuse Icons/logo

Press Release

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]

Icons/external Source

Add Comments

Subscribe to the newsletter

Icons/inbox check

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

  • Google’s $17B Wyoming Plan Has a CCS Catch

    Inside This Issue 💡 Google’s $17B Wyoming Plan Pairs Fuel Cells With CCS 🍁 Canada Needs C$2.2 Billion and Stronger Policy to Close Its Carbon Removal Gap by 2030 🛢️ Occidental Signs Long-Term CO2 ...

  • The $915M Ethanol Deal Where Carbon Capture Sets the Price

    Inside This Issue 🌽 The Andersons Bets $915M on Low-Carbon Ethanol Plants 🌐 Rad Web Hosting Announces Fossil-Free Internet by 2030 Manifesto, Commits 1% of Revenue to Carbon Removal 💶 EU Earmarks ...

  • Which Texas Project Got Verra’s First CCS Credits?

    Inside This Issue ✅ Verra Approves First Credits Under CCS Methodology ⚡ Houston-Based Transition Industries Signs EPC Deal for 210 MW Electrolyzer at Pacifico Mexinol 🏗️ Investing in Wyoming’s In...

View all issues

Company Announcements

View all announcements

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.

Subscribe illustration