Chart Industries Invests $25M for 5% Stake in Transform Materials
March 31, 2021
Chart Industries completed a $25 million minority investment to acquire a 5% equity stake in Transform Materials and signed a commercial Memorandum of Understanding to supply equipment for Transform projects. The investment gives Chart access to Transform's microwave-plasma process for producing hydrogen and acetylene, expanding Chart's clean-hydrogen equipment and service offerings and supporting planned plant builds in North America and Europe.
- Buyers
- Chart Industries Inc.
- Targets
- Transform Materials LLC
- Industry
- Energy
- Location
- Florida, United States
- Transaction Type
- Growth capital
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