ATLANTA, Sept. 27, 2018 (GLOBE NEWSWIRE) — Chart Industries, Inc. (Nasdaq: GTLS) appear today the signing of a absolute acceding to admission VRV s.p.a. and its subsidiaries (collectively “VRV”). VRV is a adapted bunch association with awful automated, purpose-built accessories for the architecture and accomplish of burden accessories confined the Cryogenic and Activity & Petrochemical end markets.
Combination Highlights:
In affiliation with the acquisition, Chart has agreed to pay €125 actor (approximately $147 actor USD, based on accepted barter rates), which will be adjourned by a aggregate of Chart’s accessible banknote on duke and debt beneath its accepted acclaim adeptness or addition costs alternative, and accept the outstanding acknowledgment of VRV (approximately €70 actor or $83 actor USD based on accepted barter rates). The accretion is accepted to add anniversary net sales of $115 actor in 2019, accomplish cogent amount synergies accompanying to operational efficiencies and sourcing, and be EPS accretive in the aboriginal abounding year of ownership.
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