Blog Post

Nikkiso Cryogenic Industries Group Acquires GP Strategies' Alternative Fuels Division

info • Jan 09, 2020
GP Strategies Corporation announced today it has divested its Alternative Fuels Division (AFD) to Nikkiso Cryogenic Industries' Clean Energy and Industrial Gases Group, a subsidiary of Nikkiso Co., Ltd (Japan). The sale was effective January 1, 2020.

GP Strategies' Alternative Fuels Division has designed, fabricated and built LNG, liquefied to compressed natural gas, and Hydrogen fueling facilities in the United States.  AFD will operate as part of the Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group Integrated Cryogenic Solutions unit. It will be renamed ICS. 

“We are excited for AFD to join our Nikkiso family. AFD will broaden our offering of complete solutions. We now have an individual functional unit that can provide a solution to the customer in addition to the units that deliver products. This acquisition exemplifies our passion to provide, efficient, performance based products and service,” according to Peter Wagner, CEO of Cryogenic Industries and President of the Group. 

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