"The acquisition will strengthen our global presence through Cryogenic Industries' strong position in North America. It will provide an excellent complementary fit for Nikkiso group's global base for production, which will allow us to gain efficiency improvements and balance currency effects. As a joint group of companies, the setup will allow us to have customer focused centers around the globe that will be in position to support the entire range of Nikkiso group products" said Toshihiko Kai President and CEO of Nikkiso. A substantial part of the strategic growth plan, beside diversification and innovation, is to benefit through individual strong market positions of each group in Japan, the United States, Europe, China and India. "We look forward to working with Nikkiso to continue enhancing and expanding our global cryogenic technology offerings and realize opportunities in an aligned global group" said Ross Brown, Chairman and Chief Executive Officer of Cryogenic Industries.