Sunday, February 26, 2012

Pump Solutions Group (PSG) to Acquire the Swiss Maag Group

From Pumps & Systems Magazine: Pump Solutions Group (PSG), a business unit within the Engineered Systems segment of Dover Corporation, announced today it has signed a definitive agreement to acquire the Maag Group headquartered in Zurich, Switzerland. The acquisition includes Maag Pump Systems, Automatik® Pelletizing Systems and Maag Filtration Systems.

The Maag Group will operate as a business unit within PSG, seeking to provide enhanced customer value and shareholder return by leveraging the synergies of the businesses. Maag posted 2011 revenue of approximately $170 million. The transaction is subject to customary regulatory approvals, and is expected to close around the end of the first quarter of 2012. Terms of the transaction were not disclosed.

To read the full story please click on the link below:
Dover’s PSG to Acquire the Maag Group

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