Sale of the Maag Group to Dover Corporation
On 13 February 2012, Clyde Blowers Capital, the Scottish industrial investor, and CGS Management, the Swiss based industrial investor, announced that they had reached an agreement to sell the Maag Group, the leading global manufacturer of gear pumps, pelletizers and filtration systems, to Dover Corporation (NYSE: DOV). The Maag Group was established in 2010 through the merger of Maag Pump Systems and Automatik Plastics Machinery, creating a global leading manufacturer of highly engineered geared pumps, filtration systems and pelletizers for the plastics, chemicals, extrusion and rubber industries.
Clyde Blowers Capital and CGS Management were advised by Froriep Renggli. The Froriep Renggli team was led by partner Dr. Catrina Luchsinger Gähwiler (M&A and Commercial) and associate Jerome Pluznik (Corporate).