Milan, 4 April 2019 – Equity Factory assisted Dover Corporation (NYSE: DOV) as financial advisor in the sale process of the entire share capital of Finder Pompe S.r.l., a company based in Merate, Italy. Legal advisor to Dover Corporation was Shearman & Sterling.
The buyer, Gruppo Aturia S.p.A., is a subsidiary of WPIL Limited, an Indian group listed on the Bombay Stock Exchange. Gruppo Aturia was assisted by Pirola Pennuto Zei and KPMG.
The transaction amounts to a total of $24 million.
Finder develops, manufactures and markets pumps and systems for industrial applications. Its main products (centrifugal pumps, twin screw pumps and plunger pumps) are sold worldwide to engineering companies and end users operating in several industries: oil and gas, nuclear energy, desalination, chemical, pharmaceutical, and food.
Headquartered in Downers Grove, Illinois, Dover Corporation is listed on the New York Stock Exchange and is a diversified global manufacturer with annual sales of more than $ 7 billion and 24,000 employees. Dover focuses on innovative equipment and components, specialty systems and support services across its three main operating segments: engineered systems, fluids and equipment for the refrigeration and food industry.