Dover to buy Tokheim's fuel dispenser unit for 425 mln euros
Sept 7 (Reuters) - U.S. industrial conglomerate Dover Corp 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) (Reporting by Amrutha Gayathri in Bengaluru; Editing by Nick Zieminski)
© Thomson Reuters 2016 All rights reserved.