Nikkiso announces agreement to acquire the business of Cryogenic Industries, Inc.

Nikkiso Co., Ltd., a global leader in advanced technologies for industrial, precision equipment, aerospace and medical markets, announced it has entered into an agreement to acquire the business and trademarks of Cryogenic Industries, Inc. of Temecula, CA, USA and Cryogenic Industries, AG of Basel, Switzerland consisting of all its operations, which are conducted by ACD, Cosmodyne, Cryoquip; and their respective subsidiaries. The acquisition is expected to close mid-2017, subject to regulatory approvals.

The most important facts

Cryogenic Industries has spent more than fifty years engineering and manufacturing cryogenic equipment. The company serves key target markets: industrial gases, LNG, and energy. It complements Nikkiso’s presence through a leading position in North America, and global product sales and service. Thus Nikkiso can assure its “focus on the future” – products and services offering advanced technology to improve the world.

Further information can be found in the respective press release.