MAN acquires Cryo Marine fuel interests
MAN Diesel & Turbo’s Swedish operation has acquired the marine fuel and bunkering business of Cryo AB, a Linde Engineering subsidiary that also makes cryogenic equipment for handling LNG.
The acquisition will be integrated into the MAN Diesel & Turbo Sverige’s marine four-stroke business. The transaction is expected to be finalised in February next year.
Uwe Lauber, CEO of MAN Diesel & Turbo SE, said: “This acquisition allows us to further shape our profile in the dual-fuel and gas propulsion segment and to gain access to market leading supply system technology. Many of our customers are looking for a one-stop solution for comprehensive engine and fuel gas supply systems. Thanks to Cryo’s expertise we can offer this solution in the future.”
Jürgen Nowicki, managing director at Linde Engineering, added: “We are happy to hand over this promising specialist segment to a market leading company, who has the specific business volume to leverage Cryo’s full potential.”
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