Parker acquires cryogenic valves specialist PEGL

Parker acquires cryogenic valves specialist PEGL

Parker Hannifin Corporation said it has completed the transaction to acquire President Engineering Group based in Sheffield, U.K. 

PEGL specializes in the design and manufacture of cryogenic valves for liquefied natural gas and industrial gas applications and specialized equipment for mining safety applications. Terms of the transaction were not disclosed.

PEGL, that includes brands, Bestobell, Conflow and Bretby Gammatech that assist in the acquisition, transport and storage of LNG and help monitor and suppress dust and ash during mining operations, had revenues of 19 million pounds in its latest financial year.

The acquired company has become a part of Parker’s Instrumentation Group and approximately 40 percent of revenues will be reported in the North American Diversified Industrial business and the remaining 60 percent of revenues will be reported in the International Diversified Industrial business.

Image: Parker Hannifin Corporation

Share this article

Follow LNG World News

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >