Dover Corporation - DOV STOCK NEWS

Dover (NYSE: DOV) has announced the acquisition of Cryogenic Machinery Corp. (Cryo-Mach), a North Hollywood-based manufacturer of cryogenic centrifugal pumps, mechanical seals, and accessories. The acquisition will be integrated into Dover's PSG business within its Pumps & Process Solutions segment.

The strategic move expands Dover's presence in the cryogenic end market, particularly in applications involving liquified oxygen, argon, and nitrogen. This acquisition enhances Dover's participation in industrial gas and transportation markets while diversifying PSG's portfolio with cryogenic centrifugal pump technology. Financial terms of the transaction were not disclosed.

BASE Engineering, a Dover (NYSE: DOV) company within OPW's Fluid Transfer Solutions unit, has launched its new Long-Range Chipset. The technology enhances wireless communication capabilities for BASE Engineering's Ranger and ProControl handheld devices, offering range exceeding 1,000 feet (305 meters) with external antennas.

The chipset significantly improves communication reliability in industrial environments where propane and refined fueling equipment, construction equipment, cement and vacuum trucks, cranes, cargo ships, and manufacturing facilities operate. A key advantage is that many applications can function without external antennas, enabling cleaner and faster installations.

Dover (NYSE: DOV) has announced the acquisition of select assets from Carter Day International's petrochemical division. These assets will be integrated into Dover's MAAG business unit, which operates within the company's Pumps & Process Solutions segment. The acquisition enhances MAAG's pelletizing-system portfolio by adding specialized dewatering and drying equipment for the plastics industry, along with complementary high-volume dryer technology. The financial terms of the transaction were not disclosed.

Dover (NYSE: DOV) has announced its schedule for the release of fourth quarter 2024 earnings. The company will release its earnings report on Thursday, January 30, 2025, at approximately 6:00 a.m. Central time. A conference call will follow at 8:00 a.m. Central time to discuss the results.

Investors can participate in the conference call by dialing 1 (800) 245-3047 (domestic) or 1 (203) 518-9765 (international) using conference ID DOVQ424. A live audio webcast will be available on Dover's website. An audio replay will be accessible from January 30 until February 20, and the webcast replay will be archived on Dover's website for 90 days.

SWEP, a Dover (NYSE: DOV) company and leading supplier of brazed plate heat exchangers, has opened a new propane testing facility at its R&D Center in Landskrona, Sweden. The facility enables testing of up to XL-size units, expanding from their previous small- and medium-sized testing capabilities established in 2019.

This development responds to increasing market demand for natural and low-GWP refrigerant systems, driven by policies like the European F-Gas Regulation. The new test rig is designed for wide propane envelope testing and will support the development of heat exchangers optimized for next-generation heat pumps and chillers.

The facility is part of SWEP's Global Investment Program (2019-2025), focusing on expanding capacity and capabilities while ensuring operational safety due to propane's flammable properties.

Dover (DOV) subsidiary Caldera has launched Version 18 of its RIP software for large-format digital printing and cutting. The new release introduces several key enhancements including Adobe PDF Print Engine 6.3 integration, macOS Sequoia compatibility, and improved color accuracy through official Pantone, RAL, HKS, and NCS Spot Color Libraries.

CalderaCare subscribers will receive exclusive features including enhanced cutting accuracy on transparent films, grouped material assignment in EasyMedia, and production data collection capabilities via REST API. The update aims to boost productivity, streamline workflows, and improve print quality for professional printers while enabling integration with ERP and e-commerce systems.

Markem-Imaje, a Dover (NYSE: DOV) company, has launched its new Ultraply range of ribbons and self-adhesive labels, designed to meet increasing demand for high-quality, phone-scannable 2D barcodes in e-commerce and direct-to-consumer operations. The range includes four solutions: Ultraply Premium for demanding applications, Ultraply Performance for versatile use, Ultraply Prime for cost-effective solutions, and Ultraply Direct for high-speed labeling.

The products are optimized for Print and Apply (P&A) labelers, offering solutions from basic to complex case and pallet operations. The range focuses on delivering readable and durable 1D and 2D codes that comply with food regulations while maximizing printhead life and minimizing waste.

Dover (NYSE: DOV) announced that Brad Cerepak, Senior Vice President and Chief Financial Officer, will retire on January 31, 2025. Christopher Woenker, 42, currently Chief Financial Officer of the company's Engineered Products and Climate & Sustainability Technologies segments, will succeed Cerepak.

Woenker, who joined Dover in March 2013, has served various financial roles within the company, including manager and director in Financial Planning and Analysis, business unit CFO, and segment CFO. He will work closely with Cerepak through the 2024 fiscal year financial closing and report to Chairman and CEO Richard Tobin.

Tobin acknowledged Cerepak's 15-year contribution to Dover's financial excellence and expressed confidence in Woenker's appointment, citing his understanding of Dover's business culture and demonstrated leadership.

Malema, a Dover (NYSE: DOV) subsidiary, has launched the CIFM-88 Series DuraMassFlow PFA Coriolis Industrial Flow Meter. This new flow measurement device is designed for various industrial applications including chemical processing, pharmaceutical manufacturing, food and beverage production, paper applications, and wastewater treatment.

The CIFM-88 Series features a patented design utilizing the Coriolis principle, offering ±1% accuracy even with gas volumetric void fractions up to 30%. The device simultaneously measures mass flow, density, and temperature. Its PFA-wetted materials provide protection against corrosive chemicals, while its stainless-steel enclosure ensures durability in harsh industrial environments. The built-in LCD panel displays real-time data for efficient process monitoring.