Dover has bought Accelerated Companies, a supplier of artificial lift and fluid handling solutions to oil and gas production markets, for $430 million, subject to a customary adjustment for working capital, Dover said in a news release.

Headquartered in The Woodlands, Texas, Accelerated’s core offerings include electric submersible pumps (ESPs), hydraulic jet pump systems, gas lift systems, surface pumping and modular process systems for filtration, separation, heating and other fluid handling operations. Accelerated will become part of Dover Artificial Lift, a business unit within Dover’s Energy segment, the release said.