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New Deal


Announced

Chart Industries to acquire L.A. Turbine for $80m.

Financials

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Transaction Value£57m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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industrial equipment testing

Majority

Acquisition

Friendly

Pending

Electronic Equipment: Other

Private

Single Bidder

United States

Domestic

Synopsis

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Chart Industries, an independent global manufacturer of highly engineered equipment, agreed to acquire L.A. Turbine, a provider of turboexpander design, engineering, manufacturing, assembly and testing process, for $80m. “L.A. Turbine is one of the only turboexpander engineering and manufacturing companies that can design and produce very specialized expanders; one of the longest lead time items in the hydrogen and helium liquefaction supply chain. With this capability in house, we are further differentiated in liquefaction – not just from decades of experience but also from world class efficiency and now, significantly shorter and guaranteed delivery times," Jill Evanko, Chart Industries CEO and President.

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