Pump Solutions Group (PSG), a business unit within the Engineered Systems segment of Dover Corporation, has agreed to acquire the Maag Group headquartered in Zurich, Switzerland. The acquisition includes Maag Pump Systems, Automatik Pelletizing Systems and Maag Filtration Systems.
The Maag Group will operate as a business unit within PSG. Maag posted 2011 revenue of approximately $170 million. The transaction is subject to customary regulatory approvals, and is expected to close around the end of the first quarter of 2012.
Maag is provider of external gear pump technology, pelletizing systems and engineered integrated solutions for the polymer, plastic, chemical and petrochemical industries with global operations in Switzerland, Germany, U.S., Italy, and China, as well as additional sales support offices in France, Singapore, Malaysia, Taiwan, and Brazil.