Chart Industries Inc.
Chart Industries and Flowserve Announce Merger Agreement
Summary
Chart Industries, Inc. and Flowserve Corporation announced an all-stock merger of equals on June 3, 2025, creating a differentiated leader in industrial process technologies. Chart shareholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock. The combined company will be headquartered in Dallas, TX, and is expected to close in Q4 2025, pending shareholder and regulatory approvals. The merger aims to generate approximately $300 million in annual cost synergies within three years and is expected to be accretive to Adjusted EPS in the first year. A new joint website, ChartFlowserve.com, has been launched to provide additional information.
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About Chart Industries Inc.
Chart Industries Inc. is a prominent manufacturing and engineering company with a focus on providing high-end equipment and solutions for the energy and industrial gas sectors. Specializing in cryogenic storage, distribution, and processing systems, Chart Industries plays a critical role in facilitating efficient and sustainable energy and gas operations worldwide. Its product portfolio includes equipment designed for liquefied natural gas (LNG) applications, industrial gases, and other specialty markets that require temperature-sensitive processing solutions. The company's operations significantly impact various industries, including clean energy, healthcare, and manufacturing, by enabling the safe and effective handling of cryogenic materials. Headquartered in Ball Ground, Georgia, Chart Industries is acknowledged for its commitment to innovation and quality, positioning itself as a key player in supporting the transition to cleaner energy sources and enhancing operational reliability and safety in critical industrial applications.
Official SEC Documents
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