Dover has entered into a definitive agreement to acquire Em-tec GmbH, a leading designer and manufacturer of flow measurement devices that serve a wide array of medical and biopharmaceutical applications. Following the close of the transaction, Em-tec will become part of the PSG business unit within Dover’s Pumps and Process Solutions segment. The addition of Em-tec further expands Dover’s reach into biopharma and other hygienic applications and enhances its portfolio of flow control technologies with flow rate sensors.
“We are excited to bring together Em-tec’s flow measurement devices and PSG’s Quattroflow pump technology to expand our offering to our customers in biopharma and medical applications,” says Richard J. Tobin, Dover’s president and chief executive officer. “This transaction is another step in advancing Dover’s strategy of enhancing the quality of our portfolio with attractive bolt-on acquisitions that offer profitable growth runway and create value for our shareholders.”
Terms of the transaction were not disclosed. The transaction is subject to satisfaction of customary closing conditions, including applicable regulatory approvals, and is expected to close in the second quarter of 2020.