The Maag Group was established in 2010 through the merger of Maag Pump Systems and Automatik Plastics Machinery.
Headquartered in Zurich, Switzerland, the Maag Group manufactures gear pumps, pelletizers and filtration systems for the plastics, chemicals, extrusion and rubber industries. The company had a turnover of approximately €130 million in 2011, employs more than 500 people and has operations in Switzerland, Germany, the US, Italy and China.
Under Dover ownership, Maag will become part of the company’s Downers Grove, Illinois-based Pump Solutions Group (PSG).
“The acquisition of Maag further supports our strategic goal of deploying capital in our key growth spaces and will enhance our overall fluids position through the expansion of PSG’s product portfolio and technological depth within its core markets of chemicals and petrochemicals. Consistent with other Dover businesses, Maag is a global market leader with a strong reputation as a highly engineered components manufacturer whose foundation is based on innovation and customized solutions,” said Dover president and CEO Bob Livingston,.
Dean Douglas, president of Dover’s Pump Solutions Group, said: “We believe that the addition of the Maag Group deepens our leadership bench while vastly expanding PSG’s product portfolio within our core markets of Chemicals and Petrochemicals.”
“We feel that the strength of the Maag brand can be leveraged by PSG in the markets and applications in which we both serve,” added Douglas.