Reuters: Mergers News: Dover to buy oil production equipment maker

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Dover to buy oil production equipment maker Apr 25th 2012, 16:56 April 25 | Wed Apr 25, 2012 12:56pm EDT April 25 (Reuters) - U.S. industrial conglomerate Dover Corp said it has acquired Production Control Services Inc, a maker of tools used in oil and gas production, for $220 million. The deal will be slightly dilutive to 2012 earnings from continuing operations, Dover said. Frederick, Colorado-based Production Control Services had 2011 revenue of about $90 million, and makes artificial lift products that are used in oil and gas production.

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