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MAN Diesel & Turbo Sverige AB, a wholly owned subsidiary of MAN Diesel & Turbo SE (part of MAN and Volkswagen Group), has acquired the marine fuel gas supply system business of Swedish firm Cryo AB, part of the Linde Engineering Division and a manufacturer of cryogenic equipment for the storage, distribution and handling of liquefied gases. It is to be integrated into the company's four-stroke marine business.

Dr. Uwe Lauber [pictured], CEO of MAN Diesel and Turbo SE, said: "Natural gas is rapidly gaining importance as a fuel for marine applications, which is why this acquisition is of major strategic relevance for us. It allows us to further shape our profile in the dual-fuel and gas propulsion segment and to gain access to market leading supply system technology. Many of our customers are looking for a one-stop solution for comprehensive engine and fuel gas supply systems. Thanks to Cryo's expertise we can offer this solution in the future and position ourselves ahead of the competition."

Jürgen Nowicki, Managing Director at Linde Engineering, remarked: "We are happy to hand over this promising specialist segment to a market-leading company like MAN Diesel & Turbo, who has the specific business volume to leverage Cryo's full potential."

The transaction is scheduled to be closed in February 2016.