Swagelok acquires Innovative Pressure Technologies
SOLON, Ohio — Fluid system manufacturer Swagelok has acquired the assets of Innovative Pressure Technologies (IPT), the company announced Tuesday.
Located in Erie, Penn., IPT designs and manufactures a range of ball, needle, check, relief, high-pressure and subsea valve products, 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 Swagelok President and CEO Arthur F. Anton. “These products will help meet customer demands for using higher pressures in their applications.”