Dover Announced Acquisition of SPS Cryogenics and Special Gas Systems; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Dover (NYSE:DOV) has acquired SPS Cryogenics B.V. and Special Gas Systems B.V., integrating them into its OPW Clean Energy Solutions business within the Clean Energy & Fueling segment. The terms of the acquisition were not disclosed.
August 12, 2024 | 11:04 am
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Dover has acquired SPS Cryogenics and Special Gas Systems, which will be integrated into its OPW Clean Energy Solutions business. This acquisition is expected to enhance Dover's capabilities in the clean energy sector.
The acquisition of SPS Cryogenics and Special Gas Systems is likely to enhance Dover's capabilities in the clean energy sector, potentially leading to increased revenues and market share in this growing industry. The integration into OPW CES suggests a strategic fit that could yield operational synergies.
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