1. Dover Corporation completes acquisition of SIKORA AG. 2. SIKORA will integrate with Dover's MAAG operating unit. 3. Dover's annual revenue exceeds $7 billion with diversified operations. 4. The acquisition enhances Dover's capabilities in Pumps & Process Solutions.
Dover's acquisition of SIKORA AG could enhance revenue streams and market competitiveness. Past acquisitions have reinforced Dover’s growth trajectory, positively impacting stock performance.
This acquisition is strategically important for long-term growth, promising enhancement in operational capabilities and market share.
The integration of SIKORA AG will take time to reflect in financials. Historical data shows that successful acquisitions usually result in improved performance over several quarters.
Dover Corporation (NYSE: DOV) today announced that it has completed the previously reported acquisition of SIKORA AG, which will become part of Dover's MAAG operating unit within Dover's Pumps & Process Solutions segment.
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
Jack Dickens
Vice President – Investor Relations
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Adrian Sakowicz
Vice President – Communications
(630) 743-5039