Dover (DOV) to Acquire Pump Gear Maker Maag Goup
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Dover Corporation (NYSE: DOV) has signed a definitive agreement to acquire the Maag Group.
Maag, which is headquartered in Zurich, Switzerland, will be part of Downers Grove, Illinois based Pump Solutions Group (PSG) within the Fluid Solutions platform of Dover's Engineered Systems segment. Terms of the transaction were not disclosed.
Maag posted 2011 revenue of approximately $170 million.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close at end of Q112.
Maag is a global leader in premium external gear pump technology and engineered integrated solutions for the polymer, plastic, chemical and petrochemical industries.
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Maag, which is headquartered in Zurich, Switzerland, will be part of Downers Grove, Illinois based Pump Solutions Group (PSG) within the Fluid Solutions platform of Dover's Engineered Systems segment. Terms of the transaction were not disclosed.
Maag posted 2011 revenue of approximately $170 million.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close at end of Q112.
Maag is a global leader in premium external gear pump technology and engineered integrated solutions for the polymer, plastic, chemical and petrochemical industries.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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