Swagelok acquires assets of Innovative Pressure Technologies
Swagelok Company has announced the acquisition of Innovative Pressure Technologies’ (IPT) assets for an undisclosed sum as part of its strategy to broaden its offering of products and services for fluid system technology customers globally.
IPT manufactures high- and medium-pressure sub-sea valves, fittings and fluid control devices used in oil and gas, chemical/petrochemical, waterjet cutting, automotive, water blasting and other demanding applications. IPT also designs and manufactures a range of ball, needle, check, relief and high-pressure valve products.
“We are excited to welcome the IPT team to Swagelok,” said Arthur F Anton, president and CEO of Swagelok. “These products will help meet customer demands for using higher pressures in their applications.”
“The IPT acquisition allows us to offer a more robust valve portfolio,” Anton said.
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