Dateline: NEW YORK, June 4, 2025 – Chart Industries and Flowserve Corporation have agreed to merge in an all-stock transaction valued at approximately $19 billion.
- Chart shareholders will own 53.5% of the combined entity.
- The merger aims to create a leader in industrial processing equipment.
- Expected annual synergies of around $300 million.
Market reaction & context
The merger reflects a strategic consolidation in the industrial processing sector, positioning the new company to better compete against peers like Honeywell and Emerson Electric. Chart Industries, known for its equipment in the gases market and thermal technologies, will gain a broader portfolio from Flowserve, which specializes in flow control and pumping solutions.
Detailed analysis
Under the terms of the deal, Chart shareholders will receive 3.165 shares of Flowserve common stock for each share they own. This arrangement gives Chart stakeholders approximately 53.5% ownership in the merged entity, which is expected to generate significant synergies and enhance operational efficiencies.
Chart CEO Jill Evanko emphasized the strategic fit: “Combining our strengths will create a differentiated leader in the industrial process technologies space,” she said. The new venture aims to harness Flowserve’s extensive infrastructure and customer relationships alongside Chart’s innovation in technologies like cryogenics and carbon capture.
Outlook / management quote
With the industry facing increasing demand for sustainable solutions, the merger also focuses on developing technologies to reduce emissions. Analysts foresee that the combined company could leverage its strengths to expand market share while providing more integrated solutions to clients across various sectors.
Conclusion
The merger is anticipated to close in the fourth quarter of 2025, pending regulatory approvals. With a combined enterprise value of about $19 billion, both companies are set to create a formidable presence in the industrial technology market, particularly amid growing emphasis on efficiency and sustainability.
No investment advice. For informational purposes only.
References
1 Chart Industries and Flowserve to merge in about $19 billion deal. Reuters. Retrieved June 4, 2025.
2 Chart Industries and Flowserve to Merge in $19 Billion Deal. Barron’s. Retrieved June 4, 2025.
3 Chart Industries and Flowserve Corporation to Combine in All-Stock. Business Wire. Retrieved June 4, 2025.
4 Chart Industries and Flowserve Strike All-Stock Merger. The Wall Street Journal. Retrieved June 4, 2025.
5 Chart Industries and Flowserve to Merge, Creating Industrial Process Technology Powerhouse. Fuel Cells Works. Retrieved June 4, 2025.
6 Chart Industries and Flowserve combined to form $19-B enterprise. Hydrocarbon Processing. Retrieved June 4, 2025.
7 Chart, Flowserve Merge in $19 Billion All-Stock Deal. P&GJ. Retrieved June 4, 2025.
8 Chart Industries And Flowserve Announce $19 Billion Merger. Benzinga. Retrieved June 4, 2025.
9 Chart Industries and Flowserve to merge in about $19 billion deal. Yahoo Finance. Retrieved June 4, 2025.