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

Deal Terms

Acquirer
Dover Corporation
Target
Witte Pumps & Technology GmbH
Value
$77.9 million
Date
December 2022
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Germany
Segment
Pumps & Process Solutions
Structure
All cash
Announced
December 14, 2022
Closed
December 14, 2022

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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