DOWNERS GROVE, Sick., Aug. 12, 2024 /PRNewswire/ — Dover (NYSE: DOV) as of late introduced that it has got SPS Cryogenics B.V. (“SPS”) and its affiliated trade, Particular Gasoline Methods (SGS) B.V. (“SGS”), positioned in Heerhugowaard, the Netherlands. SPS and SGS at the moment are a part of OPW’s Blank Power Answers trade (“OPW CES”) inside of Dover’s Blank Power & Fueling section.
SPS and SGS design, develop, and provide vacuum-insulated piping programs for all kinds of liquified gases like nitrogen, oxygen, carbon dioxide, and alternative commercial gases. SPS and SGS convey a complementary product providing and expanded Ecu presence to OPW CES’s well-known world cryogenic gasoline tide keep an eye on platform.
“This acquisition represents a logical addition to our recent acquisition of Demaco supporting the OPW CES growth strategy, boosting our capabilities and diversifying our product portfolio to address the increasing global demand for clean energy,” said Kevin Lengthy, President of OPW. “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.”
About Dover:
Dover is a varied world producer and answers supplier with an annual income of over $8 billion. We ship leading edge apparatus and parts, consumable provides, aftermarket portions, device and virtual answers, and aid products and services thru 5 running branchs: Engineered Merchandise, Blank Power & Fueling, Imaging & Identity, Pumps & Procedure Answers and Surrounding & Sustainability Applied sciences. Dover combines world scale with operational agility to top the markets we grant. Known for our entrepreneurial way for over 65 years, our group of roughly 25,000 staff takes an possession mindset, participating with consumers to redefine what’s imaginable. Headquartered in Downers Grove, Illinois, Dover trades at the Brandnew York Retain Trade beneath “DOV.” Spare data is to be had at dovercorporation.com.
Ahead-Taking a look Statements:
This press loose incorporates “forward-looking” statements throughout the which means of the Personal Securities Litigation Reform Work of 1995, as amended, together with statements in regards to the expected results of the transaction. All statements on this record alternative than statements of historic truth are statements which might be, or might be deemed, “forward-looking” statements. Ahead-looking statements are matter to diverse noteceable dangers, uncertainties, suppositions, and alternative components, a few of which can be past the Corporate’s keep an eye on. Elements that might reason fresh effects to range materially from tide expectancies come with, amongst alternative issues, normal financial situations and situations within the explicit markets during which we perform, adjustments in buyer call for and capital spending, aggressive components and pricing pressures, our skill to form and founding pristine merchandise in an economical approach, and our skill to comprehend synergies from newly got companies. For main points at the dangers and uncertainties that might 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 Trade Fee, together with our Annual Document on Method 10-Ok for the while ended December 31, 2023, and any due to this fact filed Quarterly Experiences on Method 10-Q and Wave Experiences on Method 8-Ok. Those paperwork are to be had from the SEC, and on our site, www.dovercorporation.com. The Corporate undertakes refuse legal responsibility to publicly replace any forward-looking observation, whether or not because of this of pristine data, pace occasions or in a different way.
Investor Touch:
Jack Dickens
Senior Director – Investor Members of the family
(630) 743-2566
[email protected]
Media Touch:
Adrian Sakowicz
Vice President – Communications
(630) 743-5039
[email protected]
SOURCE Dover
