Dover Acquires Demaco Holland B.V., Enhancing Clean Energy Solutions
Slice of Energy Team
07/22/2024
Key Highlights:
- Dover acquires Demaco Holland B.V., integrating into OPW CES.
- Demaco provides critical cryogenic flow control components for hydrogen and industrial gases.
- Acquisition strengthens OPW's European and Asian market presence.
- Enhances product offerings in clean energy and industrial applications.
Source (PR Newswire)
Quotes
“ "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." ”
Kevin Long, President at OPW
Our Take:
The acquisition of Demaco Holland B.V. by Dover is a strategic move that significantly bolsters OPW’s Clean Energy Solutions portfolio. By integrating Demaco’s advanced cryogenic flow control components, Dover positions itself to better serve the burgeoning clean energy market, particularly in hydrogen and industrial gas applications. This acquisition not only enhances OPW's product offerings but also expands its reach in the European and Asian markets, reinforcing Dover’s commitment to global growth and innovation in clean energy technologies.
