DOWNERS GROVE, IL – Pump Solutions Group (PSG^®), a business unit within the Engineered Systems segment of Dover Corp., has signed a definitive agreement 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, seeking to provide enhanced customer value and shareholder return by leveraging the synergies of the businesses. 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. Terms of the transaction were not disclosed. 

Maag is a global leader in premium external gear pump technology, pelletizing systems and engineered integrated solutions for the polymer, plastic, chemical and petrochemical industries. The company has global operations in Switzerland, Germany, the United States, Italy and China, as well as additional sales support offices in France, Singapore, Malaysia, Taiwan and Brazil. The company’s product brands include:  Maag Pump Systems, premium external gear pump technologies designed for conveying polymer melts, chemicals and lubricants;  Automatik Pelletizing Systems, a leading brand name in pelletizing technology with more than 8,000 pelletizing systems installed around the world; and Maag Filtration Systems, which supplies the equipment needed for filtration in all areas of plastics manufacturing and processing. 

Dean Douglas, President of Dover’s Pump Solutions Group, said, “We believe that the addition of the Maag Group deepens our leadership bench while vastly expanding PSG's product portfolio within our core markets of Chemicals and Petrochemicals." Douglas also added, “We feel that the strength of the Maag brand can be leveraged by PSG in the markets and applications in which we both serve.”