Cavagna acquires assets of African Oxygen’s gas equipment factory
The Cavagna Group, a compressed gas equipment manufacturer, has purchased the assets of South Africa-based African Oxygen’s (Afrox’s) gas equipment factory.
Under the acquisition, the financial details of which were not disclosed, Cavagna has extended its line of industrial gas equipment and has now encompassed high-tech pressure reducing valves.
The assets of Afrox were transferred and installed in two of Cavagna’s Italian plants earlier this year, and the range of industrial and medical gas regulators will be manufactured by Cavagna but will be marketed through Linde’s worldwide network.
Ezio Cavagna, president of Cavagna, reflected on how the acquisition will affect the group’s growth strategy.
“[Our High Pressure] Division can count on a new product line that will enable it to expand its product range and strengthen its leadership position in the market of advanced solutions for gas control,” Cavagna said.
“In addition, this transaction allows us to better develop synergy between us and The Linde Group, with important effects on the Valves and Regulators Division and the Cavagna Group as a whole.”