Dover has acquired SPS Cryogenics B.V. and its affiliated business, Special Gas Systems (SGS), located in the Netherlands.
SPS and SGS are now part of OPW's Clean Energy Solutions business ("OPW CES") within Dover's Clean Energy & Fuelling segment.
SPS and SGS design, manufacture, and supply vacuum-insulated piping systems for a wide variety of liquified gases like nitrogen, oxygen, carbon dioxide, and other industrial gases. SPS and SGS bring a complementary product offering and expanded European presence to OPW CES's leading global cryogenic gas flow control platform.
OPW president, Kevin Long, said this acquisition represents a logical addition to the company’s recent acquisition of Demaco supporting the OPW CES growth strategy.
Long said the strategy includes boosting the company’s capabilities and diversifying its product portfolio to address the increasing global demand for clean energy.
“The addition of SPS and SGS, along with the acquisitions of Demaco and Marshall Excelsior last month, expands our position in the cryogenic and industrial gas sectors, reinforcing our commitment to delivering cutting-edge technological solutions to our customers,” he said.
Dover is a diversified global manufacturer and solutions provider with an annual revenue of over $US8 billion.