Dover to acquire India’s Leistung Engineering

Dover Corporation, a major global manufacturer with an annual revenue exceeding $8 billion, has entered into a definitive agreement to acquire Leistung Engineering Pvt. Ltd., a leading Indian company specializing in the design and manufacture of cryogenic valves. Leistung, headquartered in Ahmedabad, India, produces a range of products including globe, check, and control valves for liquefied natural gas, industrial gas, and low-temperature applications, as well as diaphragm valves, filtration systems, and related items.

The acquisition will see Leistung integrated into OPW Fluid Transfer Solutions, a division within Dover's Clean Energy & Fueling segment, following the transaction's completion. This move is expected to enhance Dover's capabilities in cryogenic solutions and expand its manufacturing footprint in India through the use of Leistung's facility as a production hub.

David Malinas, President of OPW, highlighted that the acquisition will enable Dover to better serve the rapidly growing Indian market and strengthen its global presence. The deal is projected to conclude in the fourth quarter, pending the fulfillment of standard closing conditions. Specific financial terms of the acquisition have not been disclosed.

Dover employs around 24,000 individuals and is headquartered in Downers Grove, Illinois. Its operations span five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies.