Benzinga | Oct 15, 2021 07:05AM EDT

Dover Reports Purchase Of LIQAL, No Terms Disclosed

Dover (NYSE:DOV) today announced that it has completed the acquisition of LIQAL B.V. ("LIQAL"), a turnkey supplier of liquefied natural gas ("LNG") and hydrogen refueling equipment and solutions, and micro liquefaction solutions. LIQAL is now part of the Dover Fueling Solutions ("DFS") operating unit within Dover's Fueling Solutions segment.



Founded in 2014 and based in the Netherlands, LIQAL provides customers with safe, efficient, and innovative alternative fuel solutions that are currently experiencing robust adoption, particularly in Europe. LIQAL's mission has been focused on accelerating the decarbonization of fuels used in transportation. Its intelligent, integrated solutions offer high-quality standards, operating flexibility, and a low total cost of ownership throughout the life span of asset operation.

"DFS is a global leader in solutions for retail fueling and a recognized technology pioneer. LIQAL brings a portfolio of LNG and hydrogen products and solutions, as well as significant innovation capabilities and proprietary technologies that will position DFS to support its customers who are actively investing in lower-carbon fuels," said DFS President, David Crouse. "With the acquisition of LIQAL, and our strategic partnerships with EV charging providers, DFS is well-positioned to help our customers adopt these prevailing alternative fuel options, which enhances our position as a preferred partner offering simple, safe, and efficient end-to-end site experiences for consumers, as well as the convenience retail and fleet industries."

Terms of the transaction were not disclosed.