Swagelok has acquired the assets of Innovative Pressure Technologies (IPT) as part of its strategy to broaden the company’s offering of products and services for fluid system technology customers around the world.
Terms of the purchase were not disclosed, but Swagelok did indicate that the acquisition would provide the company with a more ‘robust’ valve portfolio.
Located in Erie, PA, IPT is a manufacturer of quality high and medium-pressure and sub-sea valves, fittings and fluid control devices.
These products are used mostly in oil and gas, chemical/petrochemical, waterjet cutting, automotive, water blasting, and other demanding applications.
Based in Solon, OH, Swagelok is itself a major developer and provider of fluid system solutions and Arthur F. Anton, president and CEO of Swagelok Company, commented, “We are excited to welcome the IPT team to Swagelok. These products will help meet customer demands for using higher pressures in their applications.”
For years, IPT has been designing and manufacturing a range of ball, needle, check, relief, high-pressure, and sub-sea valve products.
“The IPT acquisition allows us to offer a more robust valve portfolio,“ continued Anton.