Press Releases

Notice of Acquisition of Shares of Operating Companies to strengthen the European business of our consolidated CE&IG af

Nikkiso Co., Ltd. hereby announces that its consolidated subsidiary, Nikkiso Clean Energy & Industrial Gases
Group (headquartered in California, U.S.A., “CE&IG Group”), has recently acquired all shares of CRYOTEC
Anlagenbau GmbH (headquartered in Saxony, Germany, “CRYOTEC”) from EPC Holding GmbH.
1. Purpose of share acquisition
CE&IG Group has been expanding its business, mainly in the U.S. and Asia, as a solution company capable
of providing a full range of cryogenic pump-related equipment and plants, including EPC (engineering,
procurement, and construction), in the industrial gas and LNG related fields. Currently, under its business strategy
focusing on clean energy such as LNG and hydrogen, the company is promoting regional strategies such as
strengthening its European business, developing new technologies, and reinforcing its production, sales, and
after-sales service systems.
CRYOTEC, established in Germany in 1995, operates mainly in Europe and the Middle East, and has expertise
in the design, manufacture, sales, and after-sales service of liquefied gas and industrial gas-related equipment
and systems. Its strength is its engineering capabilities, including EPC of small LNG liquefaction plants and airseparation plants.
Through this acquisition, CE&IG Group will have a hub in Europe for liquefaction plants, hydrogen stations and
CO2 businesses, etc., and CRYOTEC will be able to enhance its sales through the Group’s sales network while
increasing cost competitiveness through Group procurement.
2. Outline of companies to be transferred (CRYOTEC)

(1) Name CRYOTEC Anlagenbau GmbH
(2) Address Dresdener Straße 76, 04808 Wurzen, Germany
(3) Businesses Design/manufacture/sales/after-sales service of equipment related to liquefied gas and industrial gas
(4) Established September 1995
(5)Major Shareholder and shareholding ratio EPC Holding GmbH 100.0%

3. Outline of the counterparty to the share acquisition

(1) Name EPC Holding GmbH
(2) Address Mellenbacher Straße 12 98744 Schwarzatal, Germany
(3) Businesses Manufacture and sale of industrial equipment

4. Status of Shareholdings after Share Acquisition

(1) Percentage of voting rights held 100%

*The acquisition price will not be disclosed due to an agreement with the counterparty.
5. Schedule

(1) Date of the agreement December 22, 2022
(2) Date of share transfer Expected to close during Q1, 2023

6. Future Outlook
Although we do not expect the acquisition of these shares to have a material impact on our consolidated results
of operations, we will disclose them again in the future if there is a reason to disclose them.

Media Contact:

Masaharu Murakami, Executive Officer,
General Manager of Corporate Planning
Division
(Tel. +81-3-3443-3717)

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