On September 1, Chart Industries, Inc. (CSA CSM) announced its acquisition of VCT Vogel GmbH, a German firm servicing cryogenic and other mobile gas tank equipment and trucks. Founded in 2001, VCT has established itself as a provider of truck-mounted drive and control systems for the operation of cryogenic pumps on trailers, rigid trucks and containers. The acquisition expands and strengthens Chart’s service and aftermarket presence in Southern Germany, Austria and Switzerland, according to the company, and adds complementary truck drive systems to Chart’s mobile equipment offering.
“VCT is a market leading company for cryogenic services in Germany, Austria and Switzerland with a proven competence to fulfill customer needs on short notice while maintaining a high-quality standard,” says Hans Lonsain, Chart’s European Distribution and Storage business unit president. “Both VCT’s services and its product range are a great complement to Chart’s existing European offering. In the future, VCT will become a regional service provider for Chart Ferox and Flow Instruments products. We are very excited to welcome the VCT employees to Chart.”
Xaver Vogel, VCT’s previous majority shareholder and managing director, will stay with the company. “When I considered an external succession plan for the company, it was very obvious to me that Chart, with its outstanding position in the market for cryogenic equipment and its global footprint, would clearly be the best option for VCT,” he says. “The opportunity to expand our truck drive and control technology on a more international scope, and expand our service offerings to the European cryogenic industry will greatly enhance our ability to offer valuable solutions to customers all across Europe.”