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

Mon Sep 7, 2015 8:40am EDT
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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)