Dover Corporation acquired Production Control Services (PCS) for $220.0 million, a transaction completed in April 2012, structured as combination.
Production Control Services (PCS) operates in Energy. Production Control Services (PCS) was acquired in the second quarter of 2012 for consideration totaling $220.0 million, adding to Dover's artificial lift technology in the Energy segment. A portion was funded by Dover stock valued at $101 million.
PCS added artificial-lift automation and optimization technology to Dover's Energy segment.
Energy
Advisory firms were not disclosed for this transaction.