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THE ACQUISITION OF VRV GROUP BY CHART INDUSTRIES

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We are pleased to announce that, after forty-five years of management and control by the Spada family, once all the steps necessary for the implementation of the acquisition will be finalized, the VRV Group will have a new ownership, Chart Industries.

Chart is a leading diversified global manufacturer of highly engineered equipment, packaged solutions, and value-add services used throughout the gas to liquid cycle in all industries that require gases as cryogenic liquids or alternative equipment for gas generation, generally for the industrial gas, energy and biomedical industries.

Chart with VRV will have more manufacturing locations in Europe and India, more options for manufacturing, more synergy and a stronger combination while keeping the two brands.

“We are very pleased to bring VRV into the Chart family of companies with Alessandro and Federico Spada joining our team,” said Jill Evanko, Chart’s Chief Executive Officer. “VRV has technical strengths and manufacturing capabilities which are an excellent complement to ours and brings a strong leadership team for continued growth”.

Chart Industries is the best partner to ensure that the VRV Group can continue its growth in our markets, said Fabio Villa, VRV’s Managing Director: “Being part of the Chart Industries is essential for a long-lasting success”.

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