Livingstone\u2019s Industrial team has advised the shareholders of specialty vehicle manufacturer GOFA Gocher Fahrzeugbau GmbH on the sale of the business to Nasdaq listed Chart Industries, Inc.<\/p>
Chart Industries, is a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. GOFA, based in Goch, Germany, designs, manufactures, sells, and services cryogenic and non-cryogenic mobile equipment (e.g. gas, tank and bulk vehicles and containers) and has a market leading position in Europe. GOFA has been supplying a variety of customers in the industrial gas, energy, chemical and other industries since 1962.<\/p>
\u201cChart\u2019s position as a leading manufacturer of cryogenic equipment will facilitate GOFA\u2019s geo-graphic expansion. This acquisition creates growth opportunities for GOFA employees that are very exciting for all of us,\u201d<\/em> commented Christa Janssen, Managing Director of GOFA<\/strong>.<\/p> \u201cThe acquisition of GOFA is an excellent strategic fit for us by extending our LNG distribution product offering with a company known for high quality and a strong reputation,\u201d <\/em>said Sam Thomas, Chairman, CEO and President of Chart Industries.<\/strong><\/p> \u201cGOFA has excellent sales and service capabilities in a region in which we are enthusiastic about expanding our presence and its products and strong customer relationships are an exciting addition to the Chart D&S portfolio. We look forward to leveraging GOFA\u2019s portfolio of mobile equipment in improving our cryogenic distribution solutions worldwide. Of particular interest is the significant global demand for LNG mobile equipment,\u201d<\/em> stated Tom Carey, President of Chart Distribution & Storage (D&S) <\/strong>in which GOFA will operate.<\/p> \u201cIt was a true pleasure for us to advise the shareholders of GOFA. This transaction demonstrates Livingstone\u2019s skill in advising a typical German Mittelstand company and its shareholders in negotiations with an international corporation while simultaneously resolving an upcoming succession issue by a strategic solution for the company, city and workforce,\u201d<\/em> said Ralph Hagelgans, Partner of Livingstone D\u00fcsseldorf<\/strong>. <\/strong>\u201cAt the same time the deal illustrates that Mittelstand companies with technological expertise and strong competitive position in niche markets are of extremely high interest to international strategic buyers!\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2945,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-4806","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[886],"date":"20110729","client_type":61,"type":[1079],"region":[1154,1157,1160],"services":[420],"sectors":[534],"related_transactions":"","related_testimonials":[49152],"contacts":""},"yoast_head":"\n