announced that it has completed the acquisition of XanTec Steuerungs- und EDV-Technik GmbH, a developer and supplier of automation and control solutions for industrial machinery of all types with a 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 planning and design, programming and manufacturing processes, and has historically collaborated extensively with Maag.
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.
Terms of the transaction were not disclosed.