Nikkiso acquires GR Strategies Corp cryo division
Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group, a unit of Nikkiso (Japan), closed the acquisition of the Alternative Fuels Division from GP Strategies Corporation.
The acquisition effective January 1, has been closed for an undisclosed amount, Nikkisko said in its statement.
The GP Strategies’ Alternative Fuels Division is focused on the design, fabrication and maintenance of liquefied natural gas (LNG), liquefied to compressed natural gas (LCNG), compressed natural gas (CNG) and Hydrogen (H2) facilities.
AFD will operate as part of the group’s Integrated Cryogenic Solutions unit and will be renamed ICS.
The Solutions unit is one of five functional business units of the group and operates independently from the group’s product companies. Solutions provides innovative specialty engineering, centralized project management, procurement, manufacturing and maintenance, focusing on supplying complete solutions.
Mike Mackey, is set to remain with ICS as a senior vice president.