Dover Corporation (DOV) has disclosed the acquisition of Cryogenic Machinery Corp, though the specifics of the transaction remain confidential.
Based in North Hollywood, California, Cryogenic Machinery Corp. (Cryo-Mach) is renowned for designing and manufacturing essential cryogenic centrifugal pumps, mechanical seals, and related accessories. This acquisition will enhance Dover's involvement in cryogenic applications such as liquefied oxygen, argon, and nitrogen, increasing its footprint in the industrial gas and transportation sectors.
Dover highlighted that this acquisition will strengthen PSG's core offerings through the integration of cryogenic centrifugal pump technology, thereby further diversifying PSG's reach within the cryogenic market.
