JBR M&A transaction
Demaco and OPW Clean Energy Solutions
JBR acted as M&A advisor to Demaco Holland.
Demaco is a specialist in the field of cryogenic technology. The company is actively involved in the entire cryogenic value chain, from design and engineering to testing and installation of the cryogenic infrastructures. The focus is on the transportation and application of industrial gases at extremely low temperatures.
JBR Corporate Finance's deal team consists of: Onno Sloterdijk, Harold Brummelhuis and Lisan Hutten
OPW Clean Energy Solutions, part of Dover Company, acquired 100% of the shares in Demaco Holland B.V.
JBR was responsible for organizing and executing the sales process for Demaco's shareholder and management.
Demaco Holland, a global vacuum technology specialist active in the cryogenic industry, has been successfully acquired by OPW Clean Energy Solutions, part of Dover Company. Like OPW's existing brands, Demaco has been serving the cryogenic, liquid hydrogen and industrial gas industries for many years with a strong focus on providing the most advanced infrastructures for their customers worldwide. This strengthens OPW's ability to serve their customers more broadly, especially in the European and Asian markets and creates a leading cryogenic gas flow control platform.
Facts and figures
Demaco Holland
- Family business Demaco Holland was founded in 1960 in the North Holland town of Noord-Scharwoude where it still has its roots today. Demaco designs, manufactures and installs customized cryogenic infrastructures for the transport of liquid gas at extremely low temperatures (-160 to -271 °C)
- Demaco serves more than 1,500 customers worldwide, ranging from gas producers, research institutes, EPC contractors to liquid gas end-users in various industries
- Demaco is at the forefront of the emerging liquid hydrogen market. With more than 35 years of experience in the cryogenic hydrogen market, the company is perfectly positioned as a market leader in the supply of hydrogen loading and unloading infrastructures
OPW Clean Energy Solutions
- OPW Clean Energy Solutions is part of Dover Company, listed on the New York Stock Exchange (NYSE)
- Dover established the Clean Energy Solutions branch in 2021 after acquiring Acme Cryogenics and RegO Products in the same year. RegO and Acme both operate in the cryogenic industry with a focus on facilitating the production, transportation and storage of cryogenic liquids and gases
- OPW is fully committed to the development of the hydrogen economy. This involves using hydrogen as a renewable and clean energy source for applications such as heating, fuel for hydrogen-powered vehicles, energy storage and long-distance energy transportation
Downers Grove Ill, July 18, 2024
Press Release
Dover acquires Demaco Holland
Dover (NYSE: DOV) announced today that it has acquired Demaco Holland B.V. ("Demaco"). Demaco is now part of OPW's Clean Energy Solutions division ("OPW CES") within Dover's Clean Energy & Fueling segment.
Demaco provides essential flow control components for cryogenic applications involving hydrogen and other industrial gases used in a wide range of end markets exposed to attractive growth trends, including clean energy, scientific research and various industrial applications. Demaco manufactures a wide range of engineering products, including vacuum insulated piping, separators, sub-coolers, valves, couplings, loading arms and level sensors, for a diverse group of reputable customers.
Demaco brings a complementary product range and presence in the European and Asian cryogenic markets, further strengthening OPW's offering and global presence and creating a leading global platform for cryogenic gas flow control.
"This acquisition marks an important milestone in OPW CES Division's expansion strategy, enhancing our capabilities and expanding our product offerings to meet the growing demand of our industrial gas and clean energy customers worldwide," said Kevin Long, President of OPW. "Demaco strengthens our ability to serve our customers more broadly, especially with advanced technology solutions in the European market. And like our existing clean energy brands, Demaco has been serving the cryogenic, liquid hydrogen and industrial gas industries for many years with a strong focus on providing the most advanced infrastructures for their customers around the world."
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenues exceeding $8 billion. We provide innovative equipment and components, consumables, spare parts, software and digital solutions and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. For more than 65 years, we have been recognized for our entrepreneurial approach. Our team of approximately 25,000 employees has an ownership mentality and works with clients to redefine what is possible. Dover is headquartered in Downers Grove, Illinois, and the company is traded on the New York Stock Exchange under "DOV." More information is available at dovercorporation.com.
Contact the deal team personally
Onno Sloterdijk
Associate Partner
Harold Brummelhuis
Principal
Lisan Hutten
Business Analyst