STOCK TITAN

Dover Acquires Criteria Labs, a Leading Provider of RF Device and Microelectronic Engineering Solutions

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)

Dover (NYSE: DOV) has announced the acquisition of Criteria Labs, a leading provider of RF device and microelectronic engineering solutions for high-reliability applications across various industries. Criteria Labs will become part of Dover's Microwave Products Group (MPG) within its Engineered Products segment.

The acquisition is expected to enhance MPG's capabilities in meeting Size, Weight, and Power (SWaP) requirements important for electronic warfare and communication systems. Criteria Labs' expertise will enable MPG to develop more compact and lighter designs without compromising performance and reliability.

Criteria Labs operates facilities in Austin, Texas, which includes a large clean room for space test engineering, assembly, and packaging, and in Penrose, Colorado, specializing in electronic component tape and reel packaging services.

Dover (NYSE: DOV) ha annunciato l'acquisizione di Criteria Labs, un fornitore leader di soluzioni ingegneristiche per dispositivi RF e microelettronica destinate ad applicazioni ad alta affidabilità in vari settori. Criteria Labs diventerà parte del Microwave Products Group (MPG) di Dover all'interno del segmento dei Prodotti Ingegnerizzati.

Si prevede che l'acquisizione migliori le capacità del MPG nel soddisfare i requisiti di Dimensioni, Peso e Potenza (SWaP), fondamentali per i sistemi di guerra elettronica e comunicazione. L'expertise di Criteria Labs consentirà al MPG di sviluppare design più compatti e leggeri senza compromettere le prestazioni e l'affidabilità.

Criteria Labs gestisce strutture ad Austin, Texas, che includono un ampio laboratorio pulito per ingegneria di test spaziali, assemblaggio e imballaggio, e a Penrose, Colorado, specializzandosi nei servizi di imballaggio in nastro e reel per componenti elettronici.

Dover (NYSE: DOV) ha anunciado la adquisición de Criteria Labs, un proveedor líder de soluciones de ingeniería para dispositivos de RF y microelectrónica para aplicaciones de alta fiabilidad en diversas industrias. Criteria Labs pasará a formar parte del Microwave Products Group (MPG) de Dover dentro de su segmento de Productos Ingenierizados.

Se espera que la adquisición mejore las capacidades del MPG para cumplir con los Requisitos de Tamaño, Peso y Potencia (SWaP), que son importantes para los sistemas de guerra electrónica y comunicación. La experiencia de Criteria Labs permitirá al MPG desarrollar diseños más compactos y ligeros sin comprometer el rendimiento y la fiabilidad.

Criteria Labs opera instalaciones en Austin, Texas, que incluyen una gran sala limpia para ingeniería de pruebas espaciales, ensamblaje y empaquetado; y en Penrose, Colorado, especializándose en servicios de empaquetado en cinta y carrete de componentes electrónicos.

Dover (NYSE: DOV)는 다양한 산업의 높은 신뢰성을 요구하는 응용 분야를 위한 RF 장치 및 마이크로 전자 공학 솔루션을 제공하는 선도적인 업체인 Criteria Labs를 인수했다고 발표했습니다. Criteria Labs는 Dover의 엔지니어링 제품 부문의 마이크로웨이브 제품 그룹 (MPG)의 일부가 될 것입니다.

이번 인수는 전자 전쟁 및 통신 시스템에 중요한 크기, 무게 및 전력(SWaP) 요건을 충족하는 MPG의 능력을 향상시킬 것으로 예상됩니다. Criteria Labs의 전문성은 MPG가 성능과 신뢰성을 저하시키지 않으면서 더 작고 가벼운 설계를 개발할 수 있도록 할 것입니다.

Criteria Labs는 텍사스주 오스틴에 우주 테스트 엔지니어링, 조립 및 포장을 위한 대형 클린룸 시설을 운영하며, 콜로라도주 펜로즈에서는 전자 부품의 테이프 및 릴 포장 서비스에 특화되어 있습니다.

Dover (NYSE: DOV) a annoncé l'acquisition de Criteria Labs, un fournisseur de premier plan de solutions d'ingénierie pour des dispositifs RF et des microélectroniques destinées à des applications de haute fiabilité dans divers secteurs. Criteria Labs fera partie du Microwave Products Group (MPG) de Dover au sein de son segment Produits Ingénierisés.

Cette acquisition devrait renforcer les capacités de MPG à répondre aux exigences de Taille, de Poids et de Puissance (SWaP), essentielles pour les systèmes de guerre électronique et de communication. L'expertise de Criteria Labs permettra à MPG de développer des conceptions plus compactes et plus légères sans compromettre la performance et la fiabilité.

Criteria Labs dispose d'installations à Austin, Texas, qui comprennent une grande salle blanche pour l'ingénierie de tests spatiaux, l'assemblage et l'emballage, et à Penrose, Colorado, spécialisée dans les services d'emballage en bande et en bobine pour les composants électroniques.

Dover (NYSE: DOV) hat die Übernahme von Criteria Labs angekündigt, einem führenden Anbieter von RF-Geräten und mikroelektronischen Ingenieurdienstleistungen für Hochzuverlässigkeitsanwendungen in verschiedenen Branchen. Criteria Labs wird Teil der Microwave Products Group (MPG) von Dover innerhalb des Segments der Ingenieure Produkte.

Die Übernahme soll die Fähigkeiten von MPG zur Erfüllung der für elektronische Kriegsführung und Kommunikationssysteme wichtigen Größen-, Gewicht- und Leistungsanforderungen (SWaP) verbessern. Die Expertise von Criteria Labs wird es MPG ermöglichen, kompaktere und leichtere Designs zu entwickeln, ohne dabei die Leistung und Zuverlässigkeit zu beeinträchtigen.

Criteria Labs betreibt Einrichtungen in Austin, Texas, die einen großen Reinraum für Weltraumtestingenieurwesen, Montage und Verpackung umfassen, sowie in Penrose, Colorado, das auf Verpackungsdienste für elektronische Komponenten in Tape- und Reel-Form spezialisiert ist.

Positive
  • Acquisition of Criteria Labs enhances Dover's capabilities in RF device and microelectronic engineering solutions
  • Expands Dover's presence in high-reliability applications for space, aerospace, defense, and other industries
  • Strengthens MPG's ability to meet Size, Weight, and Power (SWaP) requirements for electronic warfare and communication systems
  • Enables development of more compact and lighter designs without compromising performance
Negative
  • None.

Dover's acquisition of Criteria Labs marks a strategic move to enhance its capabilities in the high-reliability RF and microelectronics sector. This expansion into specialized markets like space, defense and automotive aligns with Dover's focus on engineered products. The deal should diversify Dover's revenue streams and potentially increase its profit margins due to the high-value nature of Criteria Labs' solutions.

While financial details weren't disclosed, the acquisition's impact on Dover's $8.5 billion annual revenue might be modest initially. However, the long-term potential is significant, especially considering the growing demand for SWaP-optimized components in critical industries. Investors should monitor how quickly Dover can leverage Criteria Labs' expertise to win new contracts and expand market share in these lucrative sectors.

The integration of Criteria Labs into Dover's portfolio is a tech powerplay. By acquiring expertise in RF devices and microelectronic engineering for high-reliability applications, Dover is positioning itself at the forefront of critical technological advancements. The emphasis on Size, Weight and Power (SWaP) optimization is particularly noteworthy, as it's a key driver in modern electronic warfare and communication systems.

This acquisition could accelerate Dover's innovation in:

  • Miniaturization of RF components
  • Advanced packaging techniques for harsh environments
  • Integration of RF solutions in emerging automotive and medical applications
The synergy between Criteria Labs' specialized knowledge and Dover's existing capabilities could lead to breakthrough products, potentially disrupting current market dynamics in high-tech sectors.

DOWNERS GROVE, Ill., Aug. 19, 2024 /PRNewswire/ -- Dover (NYSE: DOV) today announced that it has acquired Criteria Labs, Inc. ("Criteria Labs"), a leader in radio frequency "RF" device and microelectronic engineering solutions tailored for high-reliability applications in the space, aerospace, defense, commercial semiconductor, automotive, and medical industries. Criteria Labs is now part of the Microwave Products Group (MPG) within Dover's Engineered Products segment.

The company's primary location in Austin, Texas, includes a large clean room dedicated to space test engineering, assembly, and packaging, and its Penrose, Colorado, facility specializes in electronic component tape and reel packaging services.

The acquisition of Criteria Labs will enhance MPG's ability to meet exacting Size, Weight, and Power (SWaP) requirements which are crucial for electronic warfare and communication systems. The integration of Criteria Labs' advanced technology will allow MPG to innovate with more compact and lighter designs without compromising on performance and reliability.

About Dover:

Dover is a diversified global manufacturer and solutions provider with an annual revenue of over $8 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 65 years, our team of approximately 25,000 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.

Forward-Looking Statements:

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, 2023, 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.

Investor Contact:

Media Contact:

Jack Dickens

Adrian Sakowicz

Senior Director - Investor Relations

Vice President – Communications

(630) 743-2566

(630) 743-5039

jdickens@dovercorp.com

asakowicz@dovercorp.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/dover-acquires-criteria-labs-a-leading-provider-of-rf-device-and-microelectronic-engineering-solutions-302224890.html

SOURCE Dover

FAQ

What company did Dover (DOV) acquire on August 19, 2024?

Dover (DOV) acquired Criteria Labs, a leader in RF device and microelectronic engineering solutions for high-reliability applications.

How will the Criteria Labs acquisition benefit Dover's (DOV) Microwave Products Group?

The acquisition will enhance MPG's ability to meet Size, Weight, and Power (SWaP) requirements important for electronic warfare and communication systems, allowing for more compact and lighter designs without compromising performance and reliability.

What industries does Criteria Labs serve, as mentioned in Dover's (DOV) acquisition announcement?

Criteria Labs serves the space, aerospace, defense, commercial semiconductor, automotive, and medical industries with high-reliability RF device and microelectronic engineering solutions.

Where are Criteria Labs' facilities located following Dover's (DOV) acquisition?

Criteria Labs operates facilities in Austin, Texas, which includes a large clean room for space test engineering, assembly, and packaging, and in Penrose, Colorado, specializing in electronic component tape and reel packaging services.

Dover Corporation

NYSE:DOV

DOV Rankings

DOV Latest News

DOV Stock Data

25.76B
137.46M
0.41%
87.23%
1.56%
Specialty Industrial Machinery
Construction, Mining & Materials Handling Machinery & Equip
Link
United States of America
DOWNERS GROVE