What consolidation among cryogenic equipment manufacturers means for vaporizer buyers

The cryogenic equipment sector has seen ownership changes in recent years. This note summarizes a few public facts and makes one practical point for buyers who source ambient air vaporizers.

A few public facts

• In July 2025, Baker Hughes announced an acquisition of Chart Industries. The transaction was announced as expected to close in mid-2026.
• Cryoquip is owned by Nikkiso.
• Thermax was earlier acquired by Chart.

The practical point

Buyers commonly diversify their supplier base during periods of vendor mergers and acquisitions. Maintaining more than one qualified source for a critical component is a routine procurement practice.

FWM is an independent, family-owned American manufacturer that has built ambient air vaporizers in the USA since 1975. For buyers reviewing their sourcing options, FWM can serve as an additional qualified source for ambient air vaporizers.

Company and product names are referenced only to identify the businesses and equipment discussed. FWM is not affiliated with, endorsed by, or sponsored by these companies.