INOX India acquires majority interest in CVA

INOX India Limited, India’s largest cryogenic engineering company, has acquired majority interest in Cryogenic Vessel Alternatives (CVA), the world’s largest manufacturer of cryogenic transportation equipment. Together the entity shall become the second largest company, offering cryogenic storage, transportation and distribution products for the global market.
INOX India is a leading global player with product offerings that span the entire cryogenic value chain including storage, transportation and distribution. Its market presence extends across nearly 100 countries and its wide product range is used in various industries such as Industrial Gases, LNG Distribution, CryoBio Medical and Scientific research in Space, Nuclear and Superconductivity. Cryogenic Vessel Alternatives, with revenues of approximately US $60 Million last year, has comprehensive manufacturing and repair facilities for cryogenic transportation equipment at Mont Belvieu, Texas, USA, with presence across Canada, China and Turkey.
While INOX India leads the market in stationary storage tanks, CVA is a specialist in large cryogenic transport tanks and mobile Oil/Gas Field pumping units. This complementary market leadership, know-how and product range between the two companies will strengthen their current positions around the world. Both INOX and CVA will continue to offer their customers great products and services, while enhancing their current product offerings globally.
The synergies of both these companies and the reinforced depth of talent and expertise will create an unmatched technical knowledge pool and provide a strong platform for sustainable growth and ongoing success.