Chart Industries $GTLS and Flowserve Corp $FLS have agreed to merge in a stock-for-stock transaction that values the combined enterprise at approximately $19 billion. This consolidation emerges against the backdrop of expanding global investments in artificial intelligence (AI) and the rapid growth of modern data centers, both driving unprecedented demand for advanced industrial equipment and post-sale services.

Chart Industries Inc. $GTLS and Flowserve Corp. $FLS, two prominent players in the industrial engineering sector, have agreed to a strategic merger, forming a new entity valued at approximately $19 billion. According to yesterday’s official statement, Chart shareholders will receive 3.165 shares of Flowserve for each Chart share they hold. This transaction structure grants Chart investors a majority position of 53.5% ownership in the future enterprise, marking a significant development in market consolidation.

Bloom Energy $BE, known for its cutting-edge fuel cell technology, and equipment manufacturer Chart Industries $GTLS have announced a strategic partnership focused on carbon capture. This collaboration aims to provide nearly carbon-free energy solutions by utilizing natural gas and fuel cells.