Maire's Nextchem to buy Chart Industries' LNG process technologies for $220 million
GTLS•Maire's Nextchem will acquire Chart Industries' mid-scale IPSMR and small-scale LNG process technologies for $220 million. The business has expected 2027 licensing EBITDA of at least $25 million, with closing expected in late 2026 or early 2027.
1. Deal terms
Nextchem will pay $220 million in cash at closing, which is expected in late 2026 or early 2027. The purchase will be funded through dedicated credit facilities granted to Nextchem.
2. Business and expected returns
The acquired business has approximately 30 million tonnes annually of project backlog and 90 million tonnes annually of projects awaiting final investment decisions. Expected 2027 licensing EBITDA is at least $25 million, implying a high-single-digit acquisition multiple.
3. Portfolio expansion
The acquisition expands Nextchem's liquefaction technology portfolio and creates additional integrated project opportunities for Tecnimont.
