May 3, 2012
PCS Joins Dover and Merges with Ferguson Beauregard
Frederick, CO, May 3, 2012 - Dover Corporation acquired Production Control Services Inc. (PCS) effective April 25, 2012. PCS will join the Norris Production Solutions (NPS) family of companies.
April 25, 2012
Dover Acquires Production Control Services, Inc.
Downers Grove, IL, April 25, 2012 - Dover Corporation (NYSE: DOV) announced today that it has acquired Production Control Services, Inc. ("PCS"), a leading provider of artificial lift products and services for the oil and gas industry for $220 million, subject to normal closing adjustments. PCS will become part of Norris Production Solutions ("NPS"), an operating unit within Dover's Energy segment. PCS posted 2011 revenue of approximately $90 million. Dover expects this acquisition to be slightly dilutive to 2012 continuing earnings per share.