Dover’s Pump Solutions Group to Acquire the Maag Group
16 Feb 2012 --- 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.
Feb 16 2012 --- Pump Solutions Group (PSG), a business unit within the Engineered Systems segment of Dover Corporation, announced 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.
Maag is a global leader in premium external gear pump technology, pelletizing systems and engineered integrated solutions for the polymer, plastic, chemical and petrochemical industries. Maag has global operations in Switzerland, Germany, U.S., Italy, and China, as well as additional sales support offices in France, Singapore, Malaysia, Taiwan, and Brazil. The company’s product brands include:
Maag Pump Systems
• Premium external gear pump technologies, designed for conveying polymer melts, chemicals and lubricants. Maag Pump Systems complements PSG’s leading sliding vane and internal gear pump technologies for high pressure, high temperature and high viscosity applications.
Automatik Pelletizing Systems
• Leading brand name in pelletizing technology with more than 8,000 pelletizing systems installed around the world. Automatik is the only equipment provider on the market to offer production technologies and systems for all pellet shapes and sizes.
Maag Filtration Systems
• Supplies the equipment needed for filtration in all areas of plastics manufacturing and processing. The filtration stage is a key aspect of the production and processing of plastics in which the filter separates out contamination from the liquid plastic melt.
Dean Douglas, President of Dover’s Pump Solutions Group, said “We believe that the addition of the Maag Group deepens our leadership bench while vastly expanding PSG’s product portfolio within our core markets of Chemicals and Petrochemicals.” Douglas also added, “We feel that the strength of the Maag brand can be leveraged by PSG in the markets and applications in which we both serve.”
Gary Lent, VP of Corporate Development for PSG, added “The Maag acquisition is consistent with PSG’s M&A strategic vision of acquiring premium brand positive displacement pump and related technologies. We will continue to explore opportunities that enhance the value to PSG’s customer base.”
