MAN Diesel & Turbo acquires Cryo’s Marine Fuel & Bunkering Business
MAN Diesel & Turbo Sverige AB, a wholly owned subsidiary of MAN Diesel & Turbo SE (part of MAN and Volkswagen Group), acquires the marine fuel gas supply system business of Sweden based Cryo AB, part of the Linde Engineering Division and a manufacturer of cryogenic equipment for the storage, distribution and handling of liquified gases. The transaction is scheduled to be closed in February 2016.
MAN Diesel & Turbo is advised by Mannheimer Swartling in the transactions. The firm’s team consisted primarily of Clas Nyberg, Patrik Engström, Tobias Normann, Martin Hallström och Andreas Blomberg.