1. Dover acquired ipp Pump Products to strengthen its pump solutions capacity. 2. ipp specializes in sanitary pump technologies for diverse industries. 3. The acquisition enhances Dover's portfolio for critical hygienic applications. 4. Transaction terms were not disclosed, highlighting potential strategic value. 5. Dover has over $7 billion in revenue and employs around 24,000 people.
The acquisition strengthens Dover's market position in critical sectors, likely enhancing revenue. Historical acquisitions often boost stock value when integrated successfully, as seen in similar industrial firms.
The acquisition could significantly impact DOV's operational capabilities and market reach, affecting its financial performance positively. Given the potential for increased revenues from new market entries, this acquisition is noteworthy.
The acquisition will take time to realize synergies and impact financials. Historical trends show long-term benefits from strategic acquisitions, particularly in specialized markets like hygiene.
DOWNERS GROVE, Ill., June 18, 2025 /PRNewswire/ --
Dover Corporation (NYSE: DOV) today announced that it has acquired ipp Pump Products GmbH ("ipp"), which is now part of the Pump Solutions Group ("PSG") business unit within Dover's Pumps & Process Solutions segment.
Headquartered in Bersenbrück, Germany, ipp is a specialized manufacturer of sanitary pump technologies, including hygienic lobe, progressive, and other processing equipment. ipp's products expand Dover's capabilities in critical hygienic applications with unique performance and sanitary requirements in food and beverage, cosmetics, pharmaceuticals, and other industries.
"ipp has developed differentiated technologies that address some of the most complicated and mission-critical hygienic applications," stated Karl Buscher, President of PSG. "This acquisition adds complementary technologies to PSG's best-in-class pump portfolio to more broadly serve our diverse customer base across numerous strategic end markets."
Terms of the transaction were not disclosed.
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.
This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the anticipated effects of the transaction. All statements in this document other than statements of historical fact are statements that are, or could be deemed, "forward-looking" statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions, and other factors, some of which are beyond the Company's control. Factors that could cause actual results to differ materially from current expectations include, among other things, general economic conditions and conditions in the particular markets in which we operate, changes in customer demand and capital spending, competitive factors and pricing pressures, our ability to develop and launch new products in a cost-effective manner, and our ability to realize synergies from newly acquired businesses. For details on the risks and uncertainties that could cause our results to differ materially from the forward-looking statements that may be contained herein, we refer you to the documents we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available from the SEC, and on our website, www.dovercorporation.com. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Jack Dickens
Vice President – Investor Relations
(630) 743-2566
[email protected]
Adrian Sakowicz
Vice President – Communications
(630) 743-5039
[email protected]
SOURCE Dover