Mergers & Acquisitions Dover's Pump Solution Group Acquires Finder
Pump giant Pump Solutions Group (PSG), a company within Dover, will buy Finder, an Italian company specialized in API engineered pumps and systems. The acquisition could strengthen PSG's position in the energy sector...
Oakbrook Terrace, Illinois/USA – Finder will operate as a business unit within PSG, alongside pump specialists such as Blackmer, Maag and Wilden. Company officials state that the Italian company could generate revenue of approximately $80 million in 2013.
“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, Middle East and the Americas", stated Dean Douglas, President of PSG. 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.