Waukesha Bearings acquires KMC and Bearings Plus

Source: PlantServices.com

Nov 29, 2010

Waukesha Bearings Corporation, an operating unit within Dover Corporation’s Fluid Management segment, has acquired KMC, Inc. and Bearings Plus, Inc. Financial terms of the transaction were not disclosed.

The acquisition of KMC and Bearings Plus extends Waukesha’s bearing solutions for oil and gas and large-scale power generation applications. Both hope to benefit from Waukesha’s infrastructure and global customer reach, providing opportunities for growth internationally. Waukesha expects to realize additional synergies through Dover’s productivity initiatives and by focusing on joint technology development to serve the needs of customers worldwide.

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