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 end of the first quarter of 2012. Terms of the transaction were not disclosed.
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Dover’s PSG to Acquire the Maag Group
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