Dover Corporation acquired SPS Cryogenics B.V. / Special Gas Systems B.V. for $11.1 million, a transaction completed in August 2024, structured as all cash.
SPS Cryogenics B.V. / Special Gas Systems B.V. operates in Pumps & Process Solutions, is based in Netherlands. SPS Cryogenics B.V. and Special Gas Systems B.V. (SPS Cryogenics) is a designer, manufacturer and supplier of vacuum-insulated piping systems for a wide variety of liquefied gases. Acquired 100 percent of the equity interest for $11.1 million, net of cash acquired.
SPS Cryogenics adds vacuum-insulated piping for liquefied gases to Dover's cryo components platform.
Pumps & Process Solutions
Advisory firms were not disclosed for this transaction.