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Tuesday, July 26, 2016
The Cavagna Group has finalized the purchase of the Gas Equipment Factory’s assets from Afrox, the South African subsidiary of The Linde Group. Now Cavagna can manufacture a product line of integrated valves and regulators for industrial and medical gases.
Ponte San Marco (BS) Italy, July 27th 2016 – The Cavagna Group has finalized the acquisition of a business line of integrated valves and regulators for the control of medical and industrial gases by purchasing the Gas Equipment Factory assets of Afrox, a company listed on the Johannesburg Stock Exchange in South Africa and a member of The Linde Group.
With this acquisition, the Cavagna Group has acquired a range of market proven products to complete its line of industrial gas equipment; at the same time, it can now also include high-tech pressure reducing valves for medical gases in its catalog.
The assets were transferred from South Africa and installed earlier this year in two of Cavagna’s Italian plants in order to take advantage of Cavagna’s industrial synergy. In this way, these high-tech, high-quality products, can be manufactured with maximum efficiency and marketed through Linde’s worldwide network and, in agreed countries, through Cavagna’s own international network.
This acquisition will only serve to strengthen the Cavagna Group’s leadership in advanced solutions for the control of industrial and medical gases. In this regard, Ezio Cavagna, President of the Cavagna Group, commented: “This transaction speeds up the growth process of the Cavagna Group. In fact, we can aim for a further consolidation of our High Pressure Division. From now on, this 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”.
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