impeller.net The Online Pump Magazine

26.11.2013

Doverís Pump Solutions Group Completes Finder Acquisition

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.

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.

Source: Pump Solutions Group

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