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.
For more information on Pump Solutions Group (PSG), please visit www.pumpsg.com.
For more information on the Maag Group, please visit www.maag.com.
About PSG
Dover’s Pump Solutions Group (PSG®), the global leader in positive displacement pump and supporting technologies, delivers value added pumps and systems that serve customers requiring safe and efficient transfer of critical and valuable materials. PSG features world-class facilities in the United States, France, Germany, India and China. PSG is passionately committed to innovative technologies that will positively impact the world for the better; our focus is on providing the expertise you need by delivering tomorrow’s fluid and material transfer solutions today. Additional information is available on the company’s website atwww.pumpsg.com.
About Dover
Dover Corporation is a multi-billion dollar diversified global manufacturer. For more than 50 years, Dover has been providing its customers with outstanding products and services in industrial technology that reflect the company’s commitment to operational excellence, innovation and market leadership. The company focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Energy, Communication Technologies, Engineered Systems and Printing & Identification. Dover is headquartered in Downers Grove, Illinois, USA, and employs more than 34,000 people worldwide. Dover Corporation is traded on the New York Stock Exchange under “DOV.” Additional information is available on the company’s website at www.DoverCorporation.com.
About Maag
Maag is a global leader in highly engineered gear pumps, filtration systems and pelletizers for plastics, chemicals, petrochemical and the food industries. Maag is a complete solutions provider of specialist pumps and pelletizers with a reputation and focus on high-quality customer-driven solutions. Maag is headquartered in Zurich, Switzerland, with offices in Germany, the United States, France, Italy, Singapore, Malaysia, Taiwan, Brazil and China. Additional information is available on the company’s website at www.maag.com.
Contact:
Walter Bonnett, PSG VP of Marketing
+1 909-422-1780
