Dover to Acquire Dispenser And System Businesses from Tokheim Group for ~$465M

Dover

today announced that it has executed an agreement with Tokheim Group S.A.S., pursuant to which Dover has made a binding offer to acquire Tokheim's dispenser and system businesses (the "Tokheim Businesses") for a purchase price of EUR 425 million (approximately USD $465 million). The Tokheim Businesses will become part of OPW, a business unit within Dover's Fluids segment. Tokheim's sales and service divisions are not a part of this transaction and will become a stand-alone company remaining with the current owners of Tokheim.   The transaction is subject to completion of discussions with certain of Tokheim's works councils, certain customary regulatory filings and other customary conditions, and is expected to close early in 2016. Headquartered in Paris, France, Tokheim is a leading manufacturer of fuel dispensers, retail automation systems, and payment systems.  Tokheim products have been associated with exceptional quality for more than a century.  The Tokheim businesses have manufacturing operations in Europe, China, India, and Brazil.  The addition of the Tokheim