Dover Adds to European Cryogenic Platform with Acquisition of SPS Cryogenics and Special Gas Systems

Core Viewpoint - Dover has acquired SPS Cryogenics B.V. and Special Gas Systems B.V., enhancing its Clean Energy Solutions business and expanding its presence in the European market [1][2][3] Group 1: Acquisition Details - The acquisition includes SPS and SGS, which design and manufacture vacuum-insulated piping systems for various liquefied gases such as nitrogen, oxygen, and carbon dioxide [2] - This acquisition complements Dover's recent acquisition of Demaco, supporting the growth strategy of OPW Clean Energy Solutions [3] Group 2: Strategic Implications - The addition of SPS and SGS diversifies OPW CES's product portfolio and strengthens its position in the cryogenic and industrial gas sectors [3] - The acquisition is part of a broader strategy to meet the increasing global demand for clean energy solutions [3] Group 3: Company Overview - Dover is a diversified global manufacturer with annual revenues exceeding $8 billion, operating across five segments including Clean Energy & Fueling [4] - The company employs approximately 25,000 people and has a history of over 65 years in the market [4]