Dover Corporation acquired Production Control Services (PCS) for $220.0 million, a transaction completed in April 2012, structured as combination.
Production Control Services (PCS) operates in Energy, is based in Fredrick, Colorado. Production Control Services (PCS) was acquired in the second quarter of 2012 for consideration totaling $220.0 million, adding to Dover's artificial lift technology in the Energy segment. A portion was funded by Dover stock valued at $101 million.
PCS added artificial-lift automation and optimization technology to Dover's Energy segment.
Energy
Advisory firms were not disclosed for this transaction.