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Dover to buy Tokheim's fuel dispenser unit for 425 mln euros

Published 2015-09-07, 08:40 a/m
© Reuters.  Dover to buy Tokheim's fuel dispenser unit for 425 mln euros
DOV
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Sept 7 (Reuters) - U.S. industrial conglomerate Dover Corp (NYSE:DOV)
DOV.N said Monday it has agreed to buy part of French petrol
station equipment provider Tokheim Group's businesses for 425
million euros ($473.58 million) to expand its fluids division.
Dover would buy Tokheim's fuel dispenser and systems
business, but its sales and service units are not part of the
transaction, the company said in a statement on Monday.

Dover expects the deal to add about 7 cents to continuing
earnings per share in 2016. The deal is expected to close early
next year.

($1 = 0.8974 euros)

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