Dover’s Pump Solutions Group Completes Acquisition of Maag Group

Phil Black - PII Editor 21/03/2012

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Pump Solutions Group (PSG®), a business unit within the Engineered Systems segment of Dover Corporation (NYSE: DOV), announced that it has completed the acquisition of Maag Group (“Maag”) for a purchase price of approximately $285 million, subject to normal post-closing adjustments.

Maag is a global leader in premium external gear pump technology, pelletizing systems and engineered integrated solutions for the polymer, plastic, chemical and petrochemical industries. Maag has worldwide operations in Switzerland, Germany, Italy, China and the United States, as well as additional sales support offices in France, Singapore, Malaysia, Taiwan and Brazil.