Dover has acquired Cryogenic Machinery Corporation (Cryo-Mach).
The acquisition will become part of the PSG business within Dover's Pumps & Process Solutions segment, expanding Dover's presence in the cryogenic end market.
Headquartered in North Hollywood, California, Cryo-Mach is a specialiaed designer and manufacturer of mission-critical cryogenic centrifugal pumps, mechanical seals, and accessories.
Cryo-Mach's products will expand Dover's participation in cryogenic applications, such as liquified oxygen, argon, and nitrogen, and allows further participation in the industrial gas and transportation markets.
The acquisition also expands PSG's core portfolio with cryogenic centrifugal pump technology while further diversifying PSG within the cryogenic end market.
PSG president, Karl Buscher, said the acquisition strengthens PSG's position within cryogenics and is consistent with the company’s strategic approach of securing access to adjacent markets that enable sustainable, profitable growth.
Terms of the transaction were not disclosed.