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02-14-2012

Clyde Blowers Capital and CGS Management Sell Maag to Dover

Clyde Blowers Capital, the Scottish industrial investor, and CGS Management, the Swiss based industrial investor, announced that they had reached an agreement to sell the Maag Group, Oberglatt, the leading global manufacturer of gear pumps, pelletizers and filtration systems, to Dover Corporation. The Maag Group will become part of the Pumps Solution Group, a business unit operating within the Fluid Solutions platform of Dover’s Engineered Systems, a segment of the Dover Corporation.

The Maag Group was established in 2010 through the merger of Maag Pump Systems and Automatik Plastics Machinery, creating a global leading manufacturer of highly engineered geared pumps, filtration systems and pelletizers for the plastics, chemicals, extrusion and rubber industries. The company has over 500 employees and has global operations in Switzerland, Germany, U.S., Italy and China as well as additional sales and service offices around the world. Maag had turnover of approximately EUR 130 million in the year ended 31 December 2011.

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