Waukesha Bearings Corporation, an operating unit within Dover Corporation’s Fluid Management segment, has acquired KMC Inc. and Bearings Plus Inc., leaders in the design, analysis and manufacturing of engineered fluid film bearings and seals.
KMC is based in West Greenwich, R.I., and Bearings Plus is based in Houston, Texas.
Financial terms of the transaction were not disclosed.
The acquisition of KMC and Bearings Plus extends Waukesha’s bearing solutions for oil & gas and large scale power generation applications, Waukesha said.
Robert Leisure, president of Waukesha Bearings, said: “The addition of KMC and BPI to Waukesha follows Dover’s strategy of acquiring successful companies where significant value can be created through broadening our product offering, expanding our engineering capabilities and leveraging our scale. We’re pleased to add such a well respected industry leader with a reputation for innovation and delivering high-performing solutions to customers.”
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Waukesha Bearings acquires KMC and Bearings Plus
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