- Published: Tuesday, 17 January 2017 05:22
Chart Industries, Inc. today announced that its subsidiary, Chart Lifecycle, Inc. has acquired Hetsco, Inc., from Global Power Equipment Group, Inc. for approximately $22 million. Chart noted the combined business will focus on extending equipment lifespan by offering services from installation/start-up, operations/maintenance, training/support, monitoring, process optimization, repair/maintenance and extended warranty.
According to Chart the acquisition will bring a full suite of welding services for industrial gas and gas processing facilities including repair, specialty maintenance, construction/fabrication and safety services, with a particular focus on brazed aluminum heat exchangers.
Formed in 1982, Hetsco provides emergency, specialty welding and construction services to the natural gas processing, petrochemical and air gas separation industries.