Pump Solutions Group announced that it has completed the acquisition of Finder Pompe S.p.A. (ďFinderĒ) for a purchase price of approximately $145 million, subject to normal post-closing adjustments.
Headquartered in Merate, Italy, Finder is a leader in the design and manufacturing of API engineered pumps and systems for the global energy market, primarily Oil & Gas. 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.
Source: Pump Solutions Group
Finder is an attractive acquisition for Doverís Pump Solutions Group due to its API centrifugal, plunger, and twin screw pump technologies serving the energy market. Finder is a strong 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.