M&A Deal Summary

Dover Acquires Maag Group

On March 13, 2012, Dover acquired manufacturer Maag Group from CGS Management AG for 285M EUR

Acquisition Highlights
  • This is Dover’s 11th transaction in the Manufacturing sector.
  • This is Dover’s 10th largest (disclosed) transaction.
  • This is Dover’s 2nd transaction in Germany.

M&A Deal Summary

Date 2012-03-13
Target Maag Group
Sector Manufacturing
Buyer(s) Dover
Sellers(s) CGS Management AG
Deal Type Add-on Acquisition
Deal Value 285M EUR

Target

Maag Group

Grossostheim
, Germany
Maag is the global market leader in the provision of highly engineered gear pumps, filtration systems and pelletizers for plastics, chemicals, petrochemical and the food industries. The company is a global market leader in polymer pumps and underwater pelletizing systems, holding the top three positions in all other markets.

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Buyer(S) 1

Buyer

Dover

Downers Grove, Illinois, United States

Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 28 of 58
Sector (Manufacturing) 11 of 17
Type (Add-on Acquisition) 26 of 54
Country (Germany) 2 of 4
Year (2012) 1 of 3
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 Advansor A/S

Aarhus, Denmark

Advansor A/S, based in Denmark, manufactures and sells sustainable thermal systems for the production of heating and cooling in supermarkets, refrigeration and freezing facilities, CHP plants, the food processing industry and chemical industry as well as air conditioning for office buildings with CO2 as the refrigerant.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-25 Production Control Services

Fort Lupton, Colorado, United States

Production Control Services markets plunger lift systems used to improve the production efficiency of marginal natural gas and oil wells.

Buy $220M

Seller(S) 1

SELLER

CGS Management AG

Pfäffikon, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 152M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

CGS Management AG is a private equity firm that targets to invest in small and mid-sized industrial companies throughout the German-speaking region. The Firm seeks platform investments in Switzerland, Germany and Austria and Add-on-acquisitions in Europe and rest of the world. CGS looks to invest in companies with a revenues of between €10- €80 million. The investment cluster consists of 1 platform investment and 2 – 4 add-on-acquisitions. It seeks to take majority of interest in portfolio companies. Specific areas of interest include Electronics/electrical engineering, machinery/equipment, measurement/control systems/sensors, construction supplies, plastic industry and industrial equipment. The Firm will consider variety of transaction including succession planning, spin-offs, crave-outs, MBOs, MBIs, restructuring and growth capital financing. CGS Management AG was formed in 1995 and is based in Pfäffikon.


DEAL STATS #
Overall 1 of 4
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 1 of 2
Country (Germany) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-17 mdexx

Weyhe, Germany

mdexx develops and produces transformers, power supplies, chokes, filters as catalog products and in customer-specific designs – as well as axial fans and radial fans for tailor-made ventilation solutions. mdexx was founded in 1961 and is based in Weyhe, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 Schöttli AG

Diessenhofen, Switzerland

SCHÖTTLI has an excellent international reputation as a wellestablished Swiss producer of injection moulds.

Sell -