ATLANTA — Chart Industries Inc. has acquired L.A. Turbine (LAT) for $80 million in cash (subject to certain customary adjustments). LAT is a global leader in turboexpander design, engineering, manufacturing, assembly and testing processes for new and aftermarket equipment, with significant in-house engineering expertise.

This acquisition aligns with Chart’s inorganic investment principles and contributes to its financial growth and strength through expanded revenue and profit. LAT’s capabilities are a natural fit and deliver a competitive point of differentiation for Chart. Additionally, this acquisition builds on other recent additions to Chart’s portfolio, including Cryo Technologies’ helium and hydrogen liquefaction capabilities that will also utilize LAT’s equipment.

For more information, visit www.chartindustries.com or www.LATurbine.com.