Dover’s Pump Solutions Group completes finder acquisition
Pump Solutions Group (PSG), an operating company within Dover Corporation and a global leader of pumps, systems and related technologies, has announced that it has completed the acquisition of engineered pump provider Finder Pompe ('Finder') for a purchase price of approximately $145 million (€107 million), subject to normal post-closing adjustments.
Headquartered in Merate, Italy, Finder specializes in the design and manufacturing of API-engineered pumps and systems for the global energy market, primarily for oil & gas applications. Finder has operations in Merate and Querceta, Italy, and Venissieux, France.
Dover's Pump Solutions Group says Finder is attractive due to its API centrifugal, plunger, and twin screw pump technologies serving the energy marketThe company has been called a '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.