Dover Corporation acquires Witte Pumps & Technology GmbH
Snapshot
Dover Corporation acquired Witte Pumps & Technology GmbH for $77.9 million in December 2022. The transaction was structured as all cash. Witte Pumps & Technology GmbH is a Germany-based Pumps & Process Solutions business.
- Acquirer
- Dover Corporation
- Target
- Witte Pumps & Technology GmbH
- Value
- $77.9 million
- Date
- December 2022
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
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
No advisory firms have been disclosed for this transaction.