Oakbrook Terrace, Ill. (Nov. 18, 2013) – Pump Solutions Group (PSG), an operating company within Dover Corporation and a provider of pumps, systems and related technologies, announced that it has completed the acquisition of Finder Pompe S.p.A. (Finder) for a purchase price of approximately $145 million, subject to normal post-closing adjustments.
Headquartered in Merate, Italy, Finder designs and manufactures API engineered pumps and systems for the global energy market, primarily oil and gas. Finder has operations in Merate and Querceta, Italy, and Venissieux, France, as well as a network of representation in more than 75 countries around the world.
Finder is an attractive acquisition for PSG because of its API centrifugal, plunger, and twin screw pump technologies serving the energy market. Finder is a strong synergistic fit for PSG, which has built its presence in the upstream, midstream and downstream oil & gas market through Blackmer pumps, Maag Industrial Pumps and its recent Ebsray acquisition.
Dover is a global manufacturer equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification.
PSG manufactures pumps, systems and related technologies.
Finder S.p.A. is provides engineered pumps, spare parts and related services for critical applications in oil and gas, power generation, and general industrial processes.