Pump Solutions Group completed the acquisition of Maag Group for a purchase price of approximately $285 million, subject to normal post-closing adjustments.
Maag is a global leader in premium external gear pump technology, pelletizing systems and engineered integrated solutions for the polymer, plastic, chemical and petrochemical industries. Maag has worldwide operations in Switzerland, Germany, Italy, China and the U.S., as well as additional sales support offices in France, Singapore, Malaysia, Taiwan and Brazil.
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