Chart Industries, Inc., announced today that it has completed its previously reported acquisition of AirSep Corporation. The finalization of the transaction follows early termination of the Hart-Scott-Rodino waiting period and the satisfaction of other closing conditions.
Steve Shaw, President of Chart’s BioMedical Group , commented, “We are pleased that the closing process is now complete and we can officially welcome the AirSep team to Chart. It is very exciting to bring together a more complete set of products and services that meet our customers’ needs.”
Sam Thomas, Chairman, CEO and President of Chart Industries, noted, “ This acquisition is the largest in Chart’s recent history and represents a significant step forward for our BioMedical Group, complementing our ongoing investments in the energy sector.”
An update to Chart’s full year earnings guidance, including AirSep, will be provided with the next quarterly earnings announcement.
[mappress] LNG World News Staff, August 31, 2012