Comment Business & Economics
Dover’s Pump Solutions Group acquires Maag Group
By Dorothy Lozowski |
Pump Solutions Group (PSG), a business unit within the Engineered Systems segment of Dover Corp. (Downer’s Grove, Ill.; www.DoverCorporation.com), has completed the acquisition of Maag Group (Maag; Zurich, Switzerland; www.maag.com) for a purchase price of approximately $285 million, subject to normal post-closing adjustments. Maag is a global leader in 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 U.S., as well as additional sales support offices in France, Singapore, Malaysia, Taiwan and Brazil.
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