---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-074104"
form_type: "8-K"
ticker: "GTLS"
cik: "0000892553"
company_name: "CHART INDUSTRIES INC"
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:59:33.471737+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chart closes $4.4B Howden acquisition; targets $175M cost & $150M commercial synergies

## Summary
- Purchase price of approx. $4.4B paid solely in cash; funded by cash, debt/equity, and $1.5348B term loan tranche.
- Howden Q4 2022 gross orders hit record $534M; full-year 2022 orders were $2.064B; backlog $1.3B as of Dec 31, 2022.
- Chart on track to meet or exceed $175M annualized cost synergies and $150M commercial synergies within 12 months.
- Potential divestitures of two product lines underway, expected to close in Q2 or early Q3 2023.
- FY2023 guidance includes full-year Chart plus ~9 months of Howden ownership; Q1 2023 orders through Mar 15 exceeded $520M.

## SEC filing metadata
- accession: 0001193125-23-074104
- form_type: 8-K
- ticker: GTLS
- cik: 0000892553
- company_name: CHART INDUSTRIES INC
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/892553/000119312523074104/0001193125-23-074104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/892553/000119312523074104/d487126d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-074104
- JSON: https://secwatch.observer/filing/0001193125-23-074104.json
- Plain text: https://secwatch.observer/filing/0001193125-23-074104.txt

## Key facts
- M&A Transactions
  CHART INDUSTRIES INC completed an acquisition involving Granite Holdings I B.V. for approximately $4.4 billion in cash (closed 2023-03-17).
  - Action: acquisition
  - Counterparty: Granite Holdings I B.V.
  - Consideration: approximately $4.4 billion in cash
  - Closing: 2023-03-17
  source text: as of November 8, 2022 (as amended, the “ Purchase Agreement ”), by and among the Company, the Acquired Companies and the Sellers, the Company paid the Sellers approximately $4.4 billion in cash, as adjusted in accordance with the terms of the Purchase Agreement (the “ Purchase Price ”). The Company funded the Purchase Price and the payment of acquisition-related
  evidence_url: https://www.sec.gov/Archives/edgar/data/892553/000119312523074104/0001193125-23-074104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.