Fives Energy Cryogenics
Cryogenic equipment for natural gas processing and distribution.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €800m Valuation: €800m | Acquisition | |
| Total Funding | 000k | ||
Fives Energy | Cryogenics is a subsidiary of the Fives Group, an industrial engineering group. With a history spanning over 65 years, the company specializes in the design, manufacture, installation, and maintenance of cryogenic process equipment. Its primary offerings include brazed aluminum and stainless-steel heat exchangers, cold boxes, core-in-drums, and Cryomec® centrifugal and piston pumps.
The company's solutions are integral to the gas industry, serving a wide range of applications such as air separation, natural gas processing and liquefaction (LNG), distribution, and petrochemicals, including olefins and helium. It caters to a global client base, providing key equipment for various stages of gas production and processing. In addition to its manufacturing capabilities, Fives Energy | Cryogenics provides a suite of services, both remote and in-field, aimed at optimizing the performance and maintenance of its installed equipment worldwide.
The business operates as a key supplier within the energy sector, generating revenue through the sale of its specialized cryogenic equipment and associated support services. Its long-standing expertise and comprehensive product portfolio position it as a significant player in markets requiring cryogenic technology.
Keywords: cryogenic equipment, heat exchangers, cryogenic pumps, gas industry, natural gas processing, LNG solutions, air separation units, petrochemical equipment, industrial engineering, cold boxes