US-based LNG equipment maker, Air Products said it has acquired the Rotoflow turboexpander business from Baker Hughes, a GE company.
The transaction has concluded on June 30, with the terms of the transaction remaining undisclosed.
Air Products said it has acquired all engineering and service capabilities, extending its existing industrial gas and liquefied natural gas (LNG) turboexpander capabilities into growing hydrocarbon, petrochemical and energy segments.
The company has designed and manufactured over 1,600 turboexpanders as an integral part of large industrial gas and LNG projects.
Recent projects include the world’s largest industrial gases facility in Jazan, Saudi Arabia and the proprietary LNG technology provided for the floating liquefied natural gas projects off-shore Malaysia, Air Products said.
The combination of the existing Air Products and Rotoflow turboexpander capabilities will be integrated into a new Air Products business division known as Rotoflow, an Air Products Business.