BT天堂

FOR IMMEDIATE RELEASE

Temecula, CA, January 9, 2023 – BT天堂 Industries鈥� Clean Energy and Industrial Gases Group (鈥淕roup鈥�), a part of BT天堂 Co., Ltd (Japan), has entered into an agreement to acquire Cryotec Anlagenbau GmbH, (Wurzen close to Leipzig, Saxony, Germany) for an undisclosed amount.

A global plant engineering and construction company, Cryotec provides planning, project management, manufacturing and engineering services of skid-mounted/containerized air separation and liquefaction plants, and CO2 technologies offering tailored solutions to their customers.

Cryotec will operate as part of the Group鈥檚 GmbH facility, based in Neuenburg am Rhine, Germany. The Group consists of six functional business units: Cryogenic Pumps, Heat Exchanger Systems, Process Systems, Fueling & Solutions, Energy Infrastructure & Strategic Projects and Service.

鈥淥ur acquisition of Cryotec will allow the Group to expand our footprint in Europe, and broaden our expertise in carbon capture and biogas technologies鈥�, according to Ole Jensen, Vice President, Europe.

鈥淲e look forward to bringing Cryotec into our BT天堂 family. This acquisition exemplifies our passion to provide, efficient, performance-based products and service,鈥� according to Peter Wagner, CEO of Cryogenic Industries and President of the Group.

This acquisition represents their commitment to and support of the European market. The acquisition is expected to close during Q1, 2023.

听ABOUT CRYOGENIC INDUSTRIES

Cryogenic Industries, Inc. (now a member of BT天堂 Co., Ltd.) member companies manufacture, and service engineered cryogenic gas processing equipment (pumps, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, BT天堂 Cryo, BT天堂 Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

###