CONYERS, Ga., May 2, 2014 – Hill PHOENIX Inc., a Dover Company, today announced that one of its affiliates has entered into an investment agreement with Space Engineering Services. Under the terms of the transaction, Hillphoenix has purchased a minority interest in the Bristol, United Kingdom based company. “The depth, skills, and desire of the Space Engineering Services management team to lead the company to new levels of excellence as a result of our investment were a critical part
This is an exciting time to be part of the Space Engineering success story. The minority investment made by Hillphoenix’s affiliate will bring great benefit to both companies and we look forward to working even more closely with the Hillphoenix group, including Danish CO2 systems supplier Advansor and glass door manufacturer Anthony International. Space Engineering Services customers will benefit from the innovative engineering and continuous investment in research and development in refrigeration technology that Hillphoenix brings to the market. We believe that this collaboration will be great news for our customers and for our company.”
Our minority investment in, and involvement with, Space Engineering Services will provide our European customers with even more options for reducing their carbon footprint and operational costs. Hillphoenix’s continued focus on product innovation is a key differentiator in our markets, and this collaboration with Space Engineering Services will build on our technology-leading portfolio,” said Sindoni.
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