Dover Corporation (NYSE: DOV) has agreed to acquire Leistung Engineering Pvt. Ltd., an Ahmedabad-based maker of cryogenic valves and filtration systems, for an undisclosed sum. The deal is expected to close in the fourth quarter, subject to customary conditions.
Leistung specializes in globe, check and control valves for liquefied natural gas, industrial gas and other low-temperature applications, alongside diaphragm valves and filtration products. Following completion, Leistung will be integrated into OPW Fluid Transfer Solutions within Dover’s Clean Energy & Fueling segment. Dover’s facility in Ahmedabad will serve as a manufacturing hub for the conglomerate in India.
Dover, headquartered in Downers Grove, Illinois, reported annual revenue of more than $8 billion and employs roughly 24,000 people across five business segments. The Clean Energy & Fueling segment includes OPW Fluid Transfer Solutions, which provides equipment for fueling, fluid handling and cryogenic applications.
David Malinas, President of OPW, said the acquisition will strengthen service to the Indian market, expand Dover’s global manufacturing footprint and enhance cryogenic capabilities. Financial terms were not disclosed.
