Chart Industries and Flowserve Merger

Deal Analysis

Chart Industries and Flowserve have announced a merger valued at approximately $19 billion, creating a significant player in the gas and liquid handling equipment market. This strategic combination aims to establish a dominant force across various sectors, including energy infrastructure, nuclear applications, LNG, and data centers. Chart Industries, a global manufacturer of engineered equipment, will be acquiring Flowserve, with a strategic acquirer, an infrastructure investment firm, acting as a partner in the transaction. The merger is expected to enhance the combined entity's capabilities and market reach, allowing it to capitalize on growing demand for specialized equipment in these critical infrastructure sectors. The deal is notable for its substantial size and the involvement of key players in the infrastructure and energy sectors. The merger brings together Chart Industries' expertise in engineered equipment with Flowserve's capabilities in flow control, creating a comprehensive solution provider. The strategic acquirer's participation further underscores the attractiveness of the combined entity's potential for long-term, stable returns. This transaction is poised to reshape the competitive landscape in the gas and liquid handling equipment market, potentially influencing pricing, innovation, and market access for other industry participants.

Deal valued at approximately $19 billion.
Merges Chart Industries and Flowserve, creating a dominant entity.
Targets key sectors: energy infrastructure, nuclear, LNG, and data centers.
Involves a strategic acquirer focused on essential infrastructure assets.

Market Context: The deal occurs within the energy infrastructure and nuclear sectors, which are experiencing increased investment and demand for specialized equipment due to growing energy needs and infrastructure modernization efforts in the USA.

Source Intelligence

KEY DETAILS

LG Energy Solution agreed to sell U.S. battery factory assets to Honda Development and Manufacturing of America for $2.86 billion. "In December 2025, LG Energy Solution agreed to sell U.S. battery factory assets to Honda Development and Manufacturing of America for $2.86 billion."

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Deal Size

One of the biggest shakeups in the U.S. manufacturing world came when Chart Industries and Flowserve agreed to merge in a deal valued at about $19 billion.

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Location

Thermo Fisher, one of the largest manufacturers in biopharma and life sciences, moved to acquire Sanofi’s pharmaceutical manufacturing site in Ridgefield, New Jersey

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Expected Close

This merger was slated to close in late 2025 and will shape the competitive landscape well into 2026.

PARTIES MENTIONED IN SOURCE

C

Chart Industries buyer

"Chart Industries and Flowserve agreed to merge in a deal valued at about $19 billion."

F

Flowserve seller

"Chart Industries and Flowserve agreed to merge in a deal valued at about $19 billion."

P

Parker-Hannifin competitor

"The combined company expects to generate cost synergies and compete with larger peers such as Parker-Hannifin."

T

Thermo Fisher Scientific buyer

"Thermo Fisher Scientific Expands U.S. Footprint"

S

Sanofi seller

"Thermo Fisher, one of the largest manufacturers in biopharma and life sciences, moved to acquire Sanofi’s pharmaceutical manufacturing site in Ridgefield, New Jersey"

L

LG Energy Solution seller

"In December 2025, LG Energy Solution agreed to sell U.S. battery factory assets to Honda Development and Manufacturing of America for $2.86 billion."

H

Honda Development and Manufacturing of America buyer

"In December 2025, LG Energy Solution agreed to sell U.S. battery factory assets to Honda Development and Manufacturing of America for $2.86 billion."

O

Onsemi buyer

"From Onsemi’s U.S. acquisition of Qorvo’s Silicon Carbide business to Skywater Technologies buying Infineon’s Austin fab, U.S. manufacturing deals in the semiconductor and electronics supply chain expanded domestic capacity and raised expectations for similar activity next year."

Q

Qorvo seller

"From Onsemi’s U.S. acquisition of Qorvo’s Silicon Carbide business to Skywater Technologies buying Infineon’s Austin fab, U.S. manufacturing deals in the semiconductor and electronics supply chain expanded domestic capacity and raised expectations for similar activity next year."

S

Skywater Technologies buyer

"From Onsemi’s U.S. acquisition of Qorvo’s Silicon Carbide business to Skywater Technologies buying Infineon’s Austin fab, U.S. manufacturing deals in the semiconductor and electronics supply chain expanded domestic capacity and raised expectations for similar activity next year."

I

Infineon seller

"From Onsemi’s U.S. acquisition of Qorvo’s Silicon Carbide business to Skywater Technologies buying Infineon’s Austin fab, U.S. manufacturing deals in the semiconductor and electronics supply chain expanded domestic capacity and raised expectations for similar activity next year."

C

Cohu buyer

"Cohu’s acquisition of Tignis, enhancing process-control software for chip manufacturing."

T

Tignis seller

"Cohu’s acquisition of Tignis, enhancing process-control software for chip manufacturing."

J

Jabil buyer

"Jabil’s purchase of Pharmaceutics International, adding drug delivery production capabilities."

P

Pharmaceutics International seller

"Jabil’s purchase of Pharmaceutics International, adding drug delivery production capabilities."