Tel:+44(0)121 748 4600 Fax:+44(0)121 730 2745 Email: info@iaaf.co.uk Login Search
The Independent Automotive Aftermarket Federation

NGK acquires oxygen-related products business of Chart Industries Inc.


Date: 15-Oct-2018

NGK Spark Plug Co. of Japan is to acquire the oxygen-related products business of Chart Industries, Inc., a leading global manufacturer of highly engineered equipment.

It has signed a definitive agreement to acquire all the shares of CAIRE Inc. in the United States, Chart BioMedical Limited in the United Kingdom and Chart BioMedical (Chengdu) Co., Ltd. in China from certain subsidiaries of Chart Industries, Inc.

The US$ 133.5 million (£102.435 million) deal is part of the company’s management plan of acccelerating Current & New Businesses’ as a fundamental policy. 


NGK continues to develop core technology cultivated in existing automobile and technical ceramics related businesses and invests resources in product development in three market areas where growth is expected: ‘environment and energy’, ‘next generation automobile’ and ‘medical’.

The company has been developing its implant and oxygen concentrator business and has been evaluating the expansion of its medical use oxygen concentrators, which have been sold in Japan since 1999, into overseas markets. 

The acquired companies and their subsidiaries: CAIRE, Inc. in the United States, Chart BioMedical Limited in the United Kingdom and Chart BioMedical (Chengdu) Co., Ltd. in China, are leaders in oxygen-related products across the respiratory industry, with oxygen concentrators as their core business. Their products also include liquid oxygen systems and oxygen generation systems used in hospitals and other institutions.

« Back | News | Top of Page