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SOURCE Dover Corporation
Acquisition Expands NPS' Automation Technology in Artificial Lift
THE WOODLANDS, Texas, Sept. 20, 2013 /PRNewswire/ -- Norris Production Solutions ("NPS"), an operating unit within the Energy segment of Dover Corporation (NYSE: DOV), announced today that it has acquired SPIRIT Global Energy Solutions® ("SPIRIT"), based in Midland, Texas. Terms of the transaction were not disclosed.
SPIRIT delivers innovative artificial lift tools and technology to oil and gas producers around the globe. The company develops production optimization solutions for rod-pumped wells and offers industry-leading training in rod pumping and pump-off control technology.
"The SPIRIT acquisition extends NPS' market and technology leadership in rod pumping and accelerates our participation in the fast-growing automation segment of artificial lift. We're excited to add this premium brand to our lineup of products, and in doing so, enhance our ability to meet our customers' end-to-end artificial lift requirements," said Dan Newman, NPS President.
SPIRIT Global Energy Solutions® offers cutting-edge, hardworking, state-of-the-art products and solutions for rod-pumped wells. SPIRIT products stand apart with innovation that works, improving production efficiency and allowing well operators to maximize production. More information can be found on the company's website at www.spiritenergysolutions.com.
Norris Production Solutions:
Norris Production Solutions (NPS), based in The Woodlands, TX, is a Dover Corporation operating unit in Dover's Energy segment. NPS provides integrated solutions across the artificial lift spectrum for the oil and gas industry, delivering the latest technologies, innovations, and solutions in rod lifts, progressing cavity pumps, sucker rod pumps, gas lift, plunger lift, as well as related equipment, well site controls, analytic tools and customer-centric training and educational programs. Additional information is available on the company's website at www.npsdover.com.
Dover is a diversified global manufacturer with annual revenues of over $8 billion. For over 50 years, Dover has been delivering outstanding products and services that reflect its market leadership and commitment to operational and technical excellence. The Company's entrepreneurial business model encourages, promotes and fosters deep customer engagement which has led to Dover's well-established and valued reputation for providing superior customer service and industry-leading product innovation. Dover focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification. Headquartered in Downers Grove, Illinois, Dover employs 35,000 people worldwide. Dover is traded on the New York Stock Exchange under "DOV." Additional information is available on the company's website at www.dovercorporation.com.
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