Nikkiso Acquires Cryogenic Industries
Nikkiso Co. Ltd. acquired all operations of Cryogenic Industries Inc. of Temecula, Calif., and Cryogenic Industries AG of Basel, Switzerland.
Cryogenic Industries, a group consisting of original technology brands ACD, Cosmodyne and Cryoquip, manufactures cryogenic equipment and is a supplier to the industrial gases and natural gas markets. Each of the branded companies will act as a distinct entity with its own focus and targets. Nikkiso expects to further develop the synergies of service capabilities and logistics across all product groups and companies.
According to Japan-based Nikkiso, the acquisition will strengthen its global presence through Cryogenic Industries’ strong position in North America. It also will provide a complementary fit for Nikkiso group’s global base for production.