Dover To Acquire Finder S.p.A.
Dover (NYSE: DOV) today announced that Pump Solutions Group ("PSG"), an operating unit within its Engineered Systems segment, and a global leader in pumps, systems and related technologies, has signed a definitive agreement to acquire Finder S.p.A. ("Finder"), headquartered in Merate, Italy.Finder is a leader in the design and manufacturing of engineered pumps and systems for the global energy market, primarily in oil & gas. Finder's centrifugal, piston, and twin screw pump technologies make it a strong synergistic fit for PSG, which has built its presence in the upstream, midstream and downstream oil & gas segment through Blackmer® pumps and its recent Ebsray® acquisition.Dean Douglas, President of PSG, said, "Finder will immediately provide PSG with the product portfolio, application expertise, customer reference list, and key certifications required to serve the fast-growing upstream, midstream and downstream oil & gas markets. In addition, Finder further extends PSG's presence in key growth markets in Europe, the Middle East and the Americas. We are excited to welcome a strong and talented management team that will continue to