OAKBROOK TERRACE, IL – Pump Solutions Group (PSG), a business unit within Dover Corp. that produces positive displacement pumps and related technologies, has been awarded Frost & Sullivan’s 2012 Global Growth Excellence Award in the Positive Displacement Pumps market. Frost & Sullivan is a global research organization.
Frost & Sullivan praised PSG for its efforts over the past year, which have included setting up manufacturing facilities in China and India to deliver global products at local prices. In addition, PSG acquired RedScrew Pumps in China and Quattroflow in Germany to expand into the growing chemical, oil and gas, and hygienic markets. In March, PSG completed its acquisition of Maag, a global manufacturer of gear pumps with a strong focus in emerging regions.
According to Frost & Sullivan’s announcement, “PSG has consistently demonstrated its ability to monitor external economic scenarios, develop suitable strategies to capitalize on opportunities, and then execute them to harness growth.”