Maire's Nextchem to buy LNG technologies from Chart Industries for $220 million
BKR•Maire said its subsidiary Nextchem would acquire LNG process technologies, intellectual property and more than 90 patents from Chart Industries for $220 million. Maire expects the licensing business to generate at least $25 million in EBITDA in 2027; the deal is expected to close by year end or early January 2027.
1. Acquisition details
Maire said Nextchem would acquire Chart Industries' mid-scale integrated pre-cooled single mixed refrigerant and small-scale LNG process technologies, related intellectual property and more than 90 patents for $220 million. Maire expects the licensing business to generate EBITDA of at least $25 million in 2027 and said the acquisition would be accretive to its EBITDA margin.
2. Supply agreement and timing
Nextchem will enter a 10-year cold-box supply agreement with Chart Industries and offer customers an integrated LNG platform covering process licensing, engineering services and key equipment supply. The deal is expected to close by year end or early January 2027.
3. Earlier LNG agreement
The acquisition follows a memorandum of understanding signed in February between Maire's Tecnimont unit and Baker Hughes on LNG initiatives. Tecnimont subsequently won 110 million euros ($121.23 million) of contracts for gas and LNG projects in South America and Asia in August.
