OPW completes acquisition of Jump

OPW, an operating unit within Dover Corporation’s (NYSE: DOV) Energy segment, and a global leader in fluid handling solutions, announced on Tuesday that it has completed the acquisition of Lianyungang Jump Petroleum Chemical Machine Co. Ltd (Jump). Jump is a leading provider of top loading and LNG onshore loading equipment in China. The company will become part of OPW’s Chemical & Industrial business unit. Jump products will be marketed in the Asia-Pacific region.

“Jump’s product offering allows us to expand upon our top, bottom, pneumatic and automated loading system portfolio in Asia-Pacific,” stated Steve Van Pee, Vice President and General Manager of OPW Chemical & Industrial. “Their products complement the OPW Engineered Systems brand of loading systems that we market in China. By combining Jump’s technologies and products with OPW’s offering, we can offer a breadth of solutions for refinery, oil depot, marine, chemical and LNG loading applications unmatched in the Asia-Pacific region.”

“The acquisition of Jump is consistent with OPW’s growth strategy outside of North America,” stated OPW president David Crouse. “The combination of Jump and OPW enables us to provide our customers with the best solution available, supplied and supported from a single source anywhere in Asia. By leveraging each company’s strengths, we create the best team to develop even more innovative solutions to address the needs of our fluid handling customer base in Asia.”

Jump was established in 1999, and is the first China domestic company qualified as a bottom-loading supplier for PetroChina. The company specialises in LNG and automated loading arms and has a reputation for delivering exceptional after sales service and support. Its headquarters and manufacturing facilities are located in Lianyungang, Jiangsu, with sales offices in Beijing and Shenzhen.

Adapted from press release by Ted Monroe

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06112013/opw_completes_acquisition_of_lianyungang_jump_petroleum_chemical_machine_co_ltd/