Nikkiso Clean Energy and Industrial Gases Group completes acquisition of Cryotec Anlagenbau GmbH
Nikkiso Clean Energy and Industrial Gases Group, a part of Nikkiso Co. Ltd (Japan), and operating under Cryogenic Industries Inc. (U.S.), has completed the acquisition of Cryotec Anlagenbau GmbH (Cryotec), located in Wurzen, Saxony, Germany for an undisclosed amount.
As 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 its 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. Cryotec will be acting as the Nikkiso Clean Energy and Industrial Gases Group competence and production center in Europe.
The purchase was effective February 3, 2023.
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