M&A Deal Summary

Dover Acquires SPS Cryogenics

On August 12, 2024, Dover acquired energy services and equipment company SPS Cryogenics

Acquisition Highlights
  • This is Dover’s 5th transaction in the Energy Services and Equipment sector.
  • This is Dover’s 3rd transaction in the Netherlands.

M&A Deal Summary
Date 2024-08-12
Target SPS Cryogenics
Sector Energy Services and Equipment
Buyer(s) Dover
Deal Type Add-on Acquisition

Target

SPS Cryogenics

Heerhugowaard, Netherlands
SPS Cryogenics designs, manufactures, and supplies vacuum-insulated piping systems for various liquified gases like nitrogen, oxygen, carbon dioxide, and other industrial gases. SPS Cryogenics is based in Heerhugowaard, Netherlands.

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Buyer(S) 1

Buyer

Dover

Downers Grove, Illinois, United States
Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.

DEAL STATS #
Overall 57 of 58
Sector (Energy Services and Equipment) 5 of 5
Type (Add-on Acquisition) 53 of 54
Country (Netherlands) 3 of 3
Year (2024) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Environmental Solutions Group

Chattanooga, Tennessee, United States

Environmental Solutions Group ("ESG") comprises brands such as Heil, Marathon, 3rd Eye, Soft-Pak, Parts Central, Currotto-Can, and Bayne Thinline to create a fully integrated equipment group serving the solid waste and recycling industry. Environmental Solutions Group is based in Environmental Solutions Group.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-19 Criteria Labs

Austin, Texas, United States

Criteria Labs is a provider of radio frequency "RF" device and microelectronic engineering solutions tailored for high-reliability applications in the space, aerospace, defense, commercial semiconductor, automotive, and medical industries. Criteria Labs is based in Austin, Texas.

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