PSV Holdings, the JSE listed industrial engineering company, has announced that its acquisition of Cryoshield, a leading manufacturer of cryogenic process equipment, has been completed, and the transaction is unconditional.
The Cryogenics division of PSV supplies much needed design and manufacturing capability through the manufacture of cryogenic storage tankers, road tankers, and cryogenic liquid transfer systems – including vacuum insulated lines and vacuum process vessels, to the gas industry in Africa.
Abie da Silva, CEO of PSV said, “We are pleased to start the year as a leader in cryogenic manufacture, service, spares and repairs, through our two subsidiaries Rand Air and Gas (RAGI) and Cryoshield.”
“We also have the capability to manufacture large capacity, new generation, cryogenic equipment; this requires specialised fabricating techniques in stainless steel, aluminium and other exotic materials.”
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