Dover Corporation: Dover Completes Acquisition of Finder
DOVER COMPLETES ACQUISITION OF FINDER
Downers Grove, IL, November 4, 2013 - Dover (NYSE: DOV) announced today that
it has completed the previously announced acquisition of Finder Pompe S.p.A.
("Finder") for a purchase price of approximately $145 million, subject to
normal post-closing adjustments. Finder will become part of Dover's Pump
Solutions Group ("PSG") within the Fluid Solutions platform of its Engineered
Dover is a diversified global manufacturer with annual revenues of over $8
billion. For over 50 years, Dover has been delivering outstanding products
and services that reflect its market leadership and commitment to operational
and technical excellence. The Company's entrepreneurial business model
encourages, promotes and fosters deep customer engagement which has led to
Dover's well-established and valued reputation for providing superior customer
service and industry-leading product innovation. Dover 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. Headquartered in Downers Grove,
Illinois, Dover employs 35,000 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.
A part of Dover's Engineered Systems segment, Pump Solutions Group (PSG^®) is
a global leader in pumps, systems and related technologies. PSG's portfolio
of premium pump and other technologies service a broad array of industrial
applications and includes global brands Abaque^®, Almatec^®, Automatik(TM),
Blackmer^®, Ebsray^®, Finder, Fluid Dynamics^(TM), Griswold^(TM), Maag, Maag
Industrial Pumps, Mouvex^®, Neptune^(TM), Quattroflow^(TM), and Wilden^®, all
of which deliver 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, Italy, Switzerland,
India, China, and Australia. Additional information is available on the
company's website at www.psgdover.com.
Finder is a leading provider of engineered pumps, spare parts and related
services for critical applications in oil & gas, power generation and general
industrial processes. Approximately 80% of Finder's revenue is generated from
products manufactured to the exacting standards of the American Petroleum
Institute ("API"). The main products - centrifugal pumps, twin screw pumps
and plunger pumps - are sold worldwide to the major engineering companies and
to end users which have a leading position in the fields of oil & gas, nuclear
energy, desalination, chemical, pharmaceutical and food. Additional
information is available on the company's website at www.finderpumps.com.
Vice President - Investor Relations
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applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Dover Corporation via Thomson Reuters ONE
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