Dover acquires Accelerated Companies

Dover

Dover (NYSE: DOV) has acquired Accelerated Companies LLC, a supplier of artificial lift and fluid handling solutions to oil and gas production markets, for $430 million.

Accelerated’s core offerings include electric submersible pumps (ESPs), hydraulic jet pump systems, gas lift systems, surface pumping and modular process systems for filtration, separation, heating, and other fluid handling operations.

Accelerated will become part of Dover Artificial Lift, a business unit within Dover’s Energy segment. Accelerated’s offerings in ESP and jet pump technologies complement Dover Artificial Lift’s position in systems, components and automation for rod lift, gas lift, plunger lift, progressing cavity pump applications, and surface production.

With this acquisition, Dover furthers its position in the fast-growing US shale well development market and is positioned for future growth in domestic and international markets.

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...