Pump Solutions Group (PSG®), an operating company within Dover Corporation (NYSE: DOV) and a global leader of pumps, systems and related technologies, announced today that it has completed the acquisition of Finder Pompe S.p.A. (“Finder”) for a purchase price of approximately $145 million, subject to normal post-closing adjustments.
Headquartered in Merate, Italy, Finder is a leader in the design and manufacturing of API engineered pumps and systems for the global energy market, primarily Oil & Gas. Finder has operations in Merate and Querceta, Italy, and Venissieux, France, as well as a network of representation in more than 75 countries around the world.
Finder is an attractive acquisition for Dover’s Pump Solutions Group due to its API centrifugal, plunger, and twin screw pump technologies serving the energy market. Finder is a strong synergistic fit for PSG, which has built its presence in the upstream, midstream and downstream oil & gas market through Blackmer® pumps, Maag Industrial Pumps and its recent Ebsray acquisition.
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Dover is a diversified global manufacturer with annual revenues of over $8 billion. For over 50 years, Dover has been delivering outstanding products and services that reflect its market leadership and commitment to operational and technical excellence. The Company’s entrepreneurial business model encourages, promotes and fosters deep customer engagement which has led to Dover’s well-established and valued reputation for providing superior customer service and industry-leading product innovation. Dover focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification. Headquartered in Downers Grove, Illinois, Dover employs 35,000 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.
A part of Dover’s Engineered Systems segment, Pump Solutions Group (PSG®) is a global leader in pumps, systems and related technologies. PSG’s portfolio of premium pump and other technologies service a broad array of quality industrial applications and includes global brands Abaque®, Almatec®, Automatik™, Blackmer®, Ebsray®, Finder, Fluid Dynamics™, Griswold™, Maag, Maag Industrial Pumps, Mouvex®, Neptune™, Quattroflow™, and Wilden®, all of which deliver 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 U.S., France, Germany, Italy, Switzerland, India, China, and Australia. We are 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 at www.psgdover.com.
About Finder S.p.A.:
Finder S.p.A. is a leading provider of engineered pumps, spare parts and related services for critical applications in oil & gas, power generation and general industrial processes. Approximately 80% of Finder’s revenue is generated from products manufactured to the exacting standards of the American Petroleum Institute (“API”). The main products – centrifugal pumps, twin screw pumps and plunger pumps – are sold worldwide to the major engineering companies and to end users which have a leading position in the fields of oil & gas, nuclear energy, desalination, chemical, pharmaceutical and food. Additional information is available on the company’s website at www.finderpumps.com.