Dover Corporation acquires Transchem Group
Snapshot
Dover Corporation acquired Transchem Group for $48.2 million in January 2024. The transaction was structured as all cash. Transchem Group is a Canada-based Clean Energy & Fueling business.
- Acquirer
- Dover Corporation
- Target
- Transchem Group
- Value
- $48.2 million
- Date
- January 2024
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Dover Corporation acquired Transchem Group for $48.2 million, a transaction completed in January 2024, structured as all cash.
Transchem Group operates in Clean Energy & Fueling, is based in Canada. The Transchem Group is a supplier of car wash chemicals and associated solutions. Acquired 100 percent of the equity interests for $48.2 million, net of cash acquired and inclusive of contingent consideration.
Transchem expands Dover's car wash chemicals and consumables offering within Clean Energy & Fueling.
Clean Energy & Fueling
No advisory firms have been disclosed for this transaction.