Swagelok Company has acquired the assets of Innovative Pressure Technologies (IPT) as part of its strategy to broaden the company’s offering of products and services for fluid system technology customers.

Located in Erie, Pa., IPT manufactures pressure and sub-sea valves, fittings and fluid control devices used mostly in oil and gas, chemical and petrochemical, waterjet cutting, automotive, water blasting, and other demanding applications. Terms of the purchase were not disclosed.

Headquartered in Solon, Ohio, Swagelok Company is a developer and provider of fluid system solutions, including products, assemblies, and services for the research, instrumentation, pharmaceutical, oil and gas, power, petrochemical, alternative fuels, and semiconductor industries.