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Dover acquires industrial automation company XanTec

Dover Corporation, diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion, has completed the acquisition of XanTec.

XanTec Steuerungs und EDV-Technik is a developer and supplier of automation and control solutions for industrial machinery of all types with particular focus on plastic and polymer processing machines across the globe.

XanTec now becomes part of the Maag Group, a global provider of integrated and customizable process technology solutions for the polymer, chemical, petrochemical, pharmaceutical and food industries within Dover’s Pumps & Process Solutions segment.

Based in Germany, XanTec, uses “state-of-the-art” planning and design, programming and manufacturing processes, and has historically collaborated extensively with Maag to deliver integrated solutions to end customers.

Services offered by XanTec also include start-up assistance, technical monitoring of installations, preventive maintenance and remote access and diagnostics of systems.

The acquisition enhances Maag’s automation solutions offering with an internet of things-enabled technology, and positions Maag to grow its presence in aftermarket, remote service and monitoring solutions for the polymer processing and related markets.

Financial terms of the transaction were not disclosed.

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