Chart acquires Hetsco Inc.

CLEVELAND: Chart Industries Inc. subsidiary Chart Lifecycle Inc. has acquired Hetsco Inc. from Global Power Equipment Group Inc. for approximately $22 million. The Hetsco and Chart Lifecycle combined business will focus on extending equipment life span by offering services from installation/ start-up, operations/maintenance and training/support to monitoring, process optimization, repair/maintenance and extended warranty. This acquisition supplements Chart’s current offering by bringing a full suite of welding services for industrial gas and gas processing facilities, including mission-critical repair, specialty maintenance, construction/fabrication and safety services, with a particular focus on brazed aluminum heat exchangers.

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