Chart, Flowserve to Merge, Forming New Industrial Process Technology Company

June 4, 2025

The combined company will have a global installed base of over 5.5 million assets across more than 50 countries.

Chart Industries and Flowserve Corporation have entered into a definitive agreement to merge in an all-stock transaction, creating a new industrial process technology company. The companies are headquartered near Atlanta and Dallas, respectively.

According to a joint press statement, the new entity will offer process and flow management technologies across compression, cryogenic, thermal and specialty applications. It will serve diverse markets including industrial gases, chemical processing, LNG, carbon capture and power generation.

Engineers and plant operators can expect broader aftermarket support, with approximately 42% of combined revenue tied to services and parts. The merger will integrate digital monitoring and predictive maintenance capabilities from both companies.

The transaction is expected to close in the fourth quarter of 2025. Upon closing, the company will be headquartered in Dallas and will assume a new name and brand.

The leadership team will include Jill Evanko of Chart as board chair and Scott Rowe of Flowserve as CEO.

Additional information can be found at ChartFlowserve.com, a new joint website dedicated to the merger.

About the Author

Amanda Joshi | Managing Editor

Amanda Joshi has more than 18 years of experience in business-to-business publishing for both print and digital content. Before joining Chemical Processing, she worked with Manufacturing.net and Electrical Contracting Products. She’s a versatile, award-winning editor with experience in writing and editing technical content, executing marketing strategy, developing new products, attending industry events and developing customer relationships.

Amanda graduated from Northern Illinois University in 2001 with a B.A. in English and has been an English teacher. She lives in the Chicago suburbs with her husband and daughter, and their mini Aussiedoodle, Riley. In her rare spare time, she enjoys reading, tackling DIY projects, and horseback riding.