Deal
Dover Corporation acquires Witte Pumps & Technology GmbH
December 2022
Full acquisition
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The deal at a glance
Private-market deal
Dover Corporation acquires Witte Pumps & Technology GmbH
Deal value
$77.9 million
Sector
Pumps & Process Solutions
Date
December 2022
VectorShift
Made on VectorShift
Dover Corporation acquired Witte Pumps & Technology GmbH for $77.9 million, a transaction completed in December 2022, structured as all cash.
Witte Pumps & Technology GmbH operates in Pumps & Process Solutions, is based in Germany. Witte Pumps & Technology GmbH (Witte) is a manufacturer of precision gear pumps. Acquired 100 percent of the equity interests for $77.9 million, net of cash acquired. Expands Dover's reach into gear pump manufacturing and associated spare parts and services for the chemical, plastics and polymer processing industries.
Witte expands Dover's precision gear pump manufacturing and aftermarket for chemical and polymer processing.
Pumps & Process Solutions
Advisors not disclosed
No advisory firms have been disclosed for this transaction.