Dover announced that it has acquired Demaco Holland B.V.. Demaco is now part of OPW’s Clean Energy Solutions business (“OPW CES”) within Dover’s Clean Energy & Fueling segment.
Demaco provides critical flow control components for cryogenic applications involving hydrogen and other industrial gases used in a wide range of end markets exposed to attractive growth trends, including clean energy, scientific research, and diversified industrial applications. Demaco manufactures a wide range of engineered products, including vacuum jacketed piping, separators, sub-coolers, valves, couplings, loading arms, and level sensors, for a diverse range of blue-chip customers.
Demaco brings a complementary product set and presence in the European and Asian cryogenic markets, further enhancing OPW’s offerings and global presence and creating a leading global cryogenic gas flow control platform.
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“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,” said Kevin Long, 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.”
Dover is a diversified global manufacturer and solutions provider with an annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies.
SOURCE: PRNewswire