Chart Industries, Inc. (GTLS)
Chart Industries, Inc. (GTLS) is a global leader in the design, manufacturing, and service of highly engineered equipment for the storage, transport, and distribution of cryogenic and hydrocarbon processing products. Founded in 1992 and headquartered in Ball Ground, Georgia, the company serves various industries including energy, space, and health sciences, providing solutions such as cryogenic tanks, heat exchangers, and process systems.
Company News
Law firm Halper Sadeh LLC is investigating potential securities law violations and fiduciary duty breaches for several companies involved in recent merger and acquisition transactions.
Baker Hughes announced a $13.6B acquisition of Chart Industries, signaling potential growth in LNG infrastructure, industrial gases, and decarbonization technologies. The deal suggests institutional confidence in the energy sector's long-term prospects.
Chart Industries has terminated its merger agreement with Flowserve Corporation after receiving a superior acquisition proposal from Baker Hughes, which the Chart Board of Directors determined was more favorable.
Chart Industries reported Q1 earnings that beat expectations, with strong order and backlog growth. The company is seeing little impact from tariffs and could benefit from the Trump administration's policies.
Chart Industries' (GTLS) IPSMR process technology, which offers superior efficiency and performance, is selected by Argent's Louisiana-based 20 MTPA LNG facility.