Maire's Nextchem agrees to buy Chart Industries' LNG technologies for USD 220 million
GTLS•Maire's Nextchem agreed to acquire LNG process technologies from Chart Industries for USD 220 million in cash. The licensing business is expected to generate at least USD 25 million in EBITDA in 2027, and closing is expected by year-end 2026 or early January 2027, subject to regulatory approvals.
1. Deal terms
The acquisition includes more than 90 patents, proprietary know-how and a 10-year cold-box supply agreement. Dedicated credit facilities fully underwritten by BPER Banca will fund the acquisition.
2. Expected returns and timing
The licensing business is expected to generate at least USD 25 million in EBITDA in 2027, implying a high-single-digit acquisition multiple. Closing is expected by year-end 2026 or early January 2027, subject to customary regulatory approvals.
