Shearman & Sterling advised Pump Solutions Group (“PSG”), an operating company within Dover Corporation (NYSE: DOV) and a global leader of pumps, systems and related technologies, on its definitive agreement to acquire Finder Pompe S.p.A. (“Finder”), headquartered in Merate, Italy. The transaction is subject to customary regulatory approvals and is expected to close early in the fourth quarter. Financial terms of the transaction were not disclosed.
Finder is a leading provider of engineered pumps, spare parts and related services for critical applications in oil & gas, power generation and general industrial processes. Approximately 80% of Finder’s revenue is generated from products manufactured to the exacting standards of the American Petroleum Institute (“API”). The main products – centrifugal pumps, twin screw pumps and plunger pumps – are sold worldwide to the major engineering companies and to end users which have a leading position in the fields of oil & gas, nuclear energy, desalination, chemical, pharmaceutical and food. Finder has operations in Merate and Querceta, Italy, and Venissieux, France, as well as a network of representation in more than 75 countries around the world.
Dover Corporation (“Dover”) is a diversified global manufacturer with annual revenues of over $8 billion. Dover focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification. Headquartered in Downers Grove, Illinois, Dover employs 35,000 people worldwide.
PSG, a part of Dover’s Engineered Systems segment, is a global leader in pumps, systems and related technologies. PSG’s portfolio of premium pump and other technologies service a broad array of quality industrial applications and includes global brands. PSG features world-class facilities in the US, France, Germany, Italy, Switzerland, India, China and Australia.
The Shearman & Sterling team includes partners Fabio Fauceglia (Milan-Mergers & Acquisitions), Nicolas Bombrun (Paris-Mergers & Acquisitions), Robert Katz (New York-Mergers & Acquisitions), and Lee Edwards (Bejing-Mergers & Acquisitions); associates Andrea De Pieri (Milan-Mergers & Acquisitions), Emanuele Trucco (Milan-Mergers & Acquisitions), Francesco Liberatori (Rome-Mergers & Acquisitions), Olivia Depret-Bixio (Paris-Mergers & Acquisitions), Armelle Sandrin-Deforge (Paris-Mergers & Acquisitions), Christophe-Marc Juvanon (Paris-Mergers & Acquisitions), Ning Liu (Singapore-Mergers & Acquisitions), Sha Sa (Beijing-Mergers & Acquisitions) and Shan Wu (Beijing-Mergers & Acquisitions); and legal trainees Alberto Cozzi (Milan-Mergers & Acquisitions) and Carmelo Contente (Rome-Mergers & Acquisitions).
