DOWNERS GROVE, Ill.,
March 13, 2012 /PRNewswire-FirstCall/
-- Dover Corporation (NYSE: DOV) today announced that it has
completed the previously announced acquisition of Maag Group
("Maag") for a purchase price of approximately $285 million, subject to normal post-closing
adjustments. Maag will become part of Dover's Pump Solutions
Group ("PSG") within the Fluid Solutions platform of the Engineered
Systems segment.
About Dover
Dover Corporation is a multi-billion dollar diversified global
manufacturer. For over 50 years, Dover has been providing its
customers with outstanding products and services 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: Communication Technologies, Energy,
Engineered Systems and Printing & Identification. Dover is
headquartered in Downers Grove,
Illinois and employs nearly 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 PSG
Dover's Pump Solutions Group (PSG®), a 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 U.S., France, Germany, India, and China. Additional information
is available on the company's website at www.pumpsg.com .
About Maag
Maag is a global leader in highly engineered gear pumps and
filtration systems for the plastics, chemical, petrochemical and
food industries. Maag is a complete solutions provider of specialty
pumps with a reputation and focus on high quality customer driven
solutions. Maag is headquartered in Zurich, Switzerland with offices in
Germany, US, France, Italy, Singapore, Malaysia, Taiwan, Brazil and China. Additional information is available on
the company's website at www.maag.com .
SOURCE Dover Corporation