Dover Corporation has entered into a definitive agreement to acquire Leistung Engineering Pvt. Ltd, a premier manufacturer of high-precision flow control and cryogenic solutions. Upon completion of the transaction, Leistung will be integrated into OPW Fluid Transfer Solutions, a operating unit within Dover’s Clean Energy & Fueling segment.
With headquarters in Ahmedabad, India, Leistung is a company that designs and produces specialized cryogenic valves, such as globe, check and control valves, which are specially manufactured for use in LNG (liquefied natural gas) and industrial gases processing and extremely low temperatures. Additionally, the technical portfolio of this company includes sanitary diaphragm valves, industrial filters, and other customized flow control equipment. Leistung continues its organic double digit growth rates for the last three years owing to constant research and development, innovation, and professional engineering.
Transaction Details
Strategic Region Presence: Creates manufacturing facility in India to leverage on the significant government investments in LNG facilities and pipelines for natural gas transport.
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Increased Product Offering: Enhances OPW Fluid Transfer Solutions’ technical capability in extremely low temperature and cryogenic flow control applications.
Scalable Manufacturing Capacity: Adds Leistung’s modern Ahmedabad production facility, which offers significant operational space for future global volume expansion.
Strengthening Global Clean Energy Supply Chains
The acquisition positions Dover to capture expanding market demand across India’s rapidly developing natural gas sector while diversifying its global manufacturing footprint. The integration of Leistung’s precision engineering capabilities reinforces OPW’s position across the broader clean energy, LNG, and industrial gas supply chains worldwide.
“This acquisition strengthens our ability to serve the rapidly growing Indian market while expanding our global manufacturing footprint and advancing our capabilities in cryogenic solutions, positioning OPW to deliver greater value to customers worldwide,” stated David Malinas, President of OPW.
Closing Timeline and Terms
The transaction is expected to close in the fourth quarter, subject to the satisfactory completion of customary closing conditions. Financial terms of the agreement were not disclosed.