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Announced

Completed

Chart Industries completed the acquisition of a 85% stake in Earthly Labs for $62m.

Financials

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Transaction Value£46m
Consideration TypeCash, Ordinary Shares
Capital Owned15%
Capital Bid For85%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

carbon capture

Electronic Components and Equipment

Acquisition

Friendly

Private

Majority

Domestic

Single Bidder

Completed

Synopsis

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Chart Industries, a manufacturer of liquefaction and cryogenic equipment, completed the acquisition of a 85% stake in Earthly Labs, a provider of technology that is designed to capture carbon dioxide waste, for $62m. “Earthly Labs’ small-scale carbon capture solution is a natural fit for our portfolio given the complementary end markets, sustainable portfolio and customers that need CO2 in the production and packaging of beer, wine, cannabis and food. Not only is it a natural fit, since our original investment earlier this year, Earthly Labs’ products have been ordered for numerous new geographies and end markets, resulting in a record year for the business. With the natural synergies and pull-through to our global customers, we see significant growth potential by having this offering in our expanded cryogenic carbon capture solution set," Jill Evanko, Chart CEO and President.

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