DOWNERS GROVE, In poor health., July 18, 2024 /PRNewswire/ — Dover (NYSE: DOV) nowadays introduced that it has obtained Demaco Holland B.V. (“Demaco”). Demaco is now a part of OPW’s Blank Power Answers trade (“OPW CES”) inside Dover’s Blank Power & Fueling department.

Demaco supplies important wave keep watch over parts for cryogenic programs involving hydrogen and alternative business gases old in a large space of finish markets uncovered to sexy expansion tendencies, together with blank power, medical analysis, and assorted business programs. Demaco manufactures a large space of engineered merchandise, together with vacuum jacketed piping, separators, sub-coolers, valves, couplings, loading palms, and degree sensors, for a various space of blue-chip shoppers.

Demaco brings a complementary product all set and presence within the Ecu and Asian cryogenic markets, additional bettering OPW’s choices and international presence and making a international cryogenic gasoline wave keep watch over platform.

“This acquisition marks a significant milestone in the OPW CES business unit’s expansion strategy, enhancing our capabilities and broadening our product offerings to meet the growing demands of our industrial gas and clean energy customers worldwide,” mentioned Kevin Lengthy, President of OPW. “Demaco solidifies our ability to serve our customers more broadly, especially in advanced technological solutions in the European market. And like our existing clean energy brands, Demaco has been serving the cryogenic, liquid hydrogen, and industrial gas industry for many years with an intense focus on delivering the most advanced infrastructures for their customers across the globe.”

About Dover:

Dover is a assorted international producer and answers supplier with an annual income of over $8 billion. We ship cutting edge apparatus and parts, consumable provides, aftermarket portions, instrument and virtual answers, and backup products and services via 5 running areas: Engineered Merchandise, Blank Power & Fueling, Imaging & Identity, Pumps & Procedure Answers and Shape & Sustainability Applied sciences. Dover combines international scale with operational agility to top the markets we handover. Identified for our entrepreneurial manner for over 65 years, our crew of roughly 25,000 workers takes an possession mindset, participating with shoppers to redefine what’s imaginable. Headquartered in Downers Grove, Illinois, Dover trades at the Untouched York Book Alternate underneath “DOV.” Supplementary knowledge is to be had at dovercorporation.com.

Ahead-Having a look Statements:

This press reduce accommodates “forward-looking” statements inside the which means of the Non-public Securities Litigation Reform Work of 1995, as amended, together with statements in regards to the expected results of the transaction. All statements on this report alternative than statements of historic truth are statements which might be, or may well be deemed, “forward-looking” statements. Ahead-looking statements are topic to diverse remarkable dangers, uncertainties, guesses, and alternative components, a few of that are past the Corporate’s keep watch over. Components that would reason untouched effects to range materially from tide expectancies come with, amongst alternative issues, normal financial statuses and statuses within the explicit markets during which we function, adjustments in buyer call for and capital spending, aggressive components and pricing pressures, our skill to assemble and settingup pristine merchandise in an economical way, and our skill to comprehend synergies from newly obtained companies. For main points at the dangers and uncertainties that would reason our effects to range materially from the forward-looking statements that can be contained herein, we refer you to the paperwork we document with the Securities and Alternate Fee, together with our Annual Record on Mode 10-Okay for the age ended December 31, 2023, and any therefore filed Quarterly Reviews on Mode 10-Q and Flow Reviews on Mode 8-Okay. Those paperwork are to be had from the SEC, and on our website online, www.dovercorporation.com. The Corporate undertakes negative legal responsibility to publicly replace any forward-looking remark, whether or not consequently of pristine knowledge, occasion occasions or differently.

SOURCE Dover