Pump Solutions Group (PSG), a business unit within the Engineered Systems segment of Dover Corp. (NYSE: DOV), signed a definitive agreement to acquire the Maag Group headquartered in Zurich, Switzerland. The acquisition includes Maag Pump Systems, Automatik Pelletizing Systems and Maag Filtration Systems.

The Maag Group will operate as a business unit within PSG, seeking to provide enhanced customer value and shareholder return by leveraging the synergies of the businesses. Maag posted 2011 revenue of approximately $170 million. The transaction is subject to customary regulatory approvals, and is expected to close around the ...