Dover's OPW to acquire Liquip

|About: Dover Corp (DOV)|By:, SA News Editor

Dover's (DOV +0.5%) fluid-handling business unit, OPW, has signed a definitive agreement to acquire all outstanding shares of Liquip International, an Australian manufacturer of bulk liquid handling solutions.

"The acquisition of Liquip is another important step in the global growth strategy of OPW," says OPW President David Crouse. "Liquip significantly strengthens OPW's fluid handling position in Australia and throughout Asia Pacific."

The transaction is expected to close in the third quarter.