Compressed gas equipment manufacturer the Cavagna Group has acquired natural gas meter manufacturer Qgas S.r.l.
Both tangible and intangible assets will be transferred to Cavagna as part of the agreement. The acquisition is another part of the Italian company’s plan to expand its range of products and services in the field of LPG and natural gas, providing the market with complete, integrated solutions.
More specifically, the purchase of Qgas’ assets will accelerate Cavagna’s organic growth process in the field of gas metering, adding domestic diaphragm meters to the company’s range of ultrasonic smart meters.
The range of Qgas meters will be fully integrated under Cavagna’s “Mesura” brand, which specialises in low, medium and high-pressure natural gas regulation. The purchased assets will be transferred to a new plant dedicated to meter production located near Cavagna’s main headquarters in Ponte San Marco.
“Cavagna’s current product range in the field of natural gas is the result of important business decisions made over the years. Indeed, in addition to high-capacity pressure regulators and pressure reducing stations, it also covers technology for gas distribution networks supplying commercial and domestic consumers: gas meters now complete the offering,” the company explained.
Qgas boasts extensive experience in the gas meter industry. Their specialist skills are complemented by resources in metalworking, thermoplastic injection moulding and ICT systems.
Cavagna continued, “This combination of skills is crucial to the company’s ability to design, manufacture and obtain type approval for domestic and industrial diaphragm gas meters (with or without automated meter reading capabilities). In addition to being remarkably efficient and reliable, these products are also competitive on the market.”
“Based on this know-how and capacity to meet market demands, the Cavagna Group views the acquisition of Qgas’ specific assets as a strategic way to strengthen its own product offering in the field of gas metering.”