Swagelok Buys Innovative Pressure Technologies
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.
Located in Erie, Penn., IPT manufactures high- and medium-pressure and sub-sea valves, fittings and fluid control devices used mostly in oil and gas, chemical/petrochemical, waterjet cutting, automotive, water blasting, and other demanding applications.
“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.”
IPT also designs and manufactures a wide range of ball, needle, check, relief, high-pressure and subsea valve products. “The IPT acquisition allows us to offer a more robust valve portfolio,” Anton added.
For more information, visit www.swagelok.com.