Dover Completes Acquisition Of Engineered Controls International, LLC

Rhea-AI Summary

Dover has successfully completed its acquisition of Engineered Controls International, LLC (RegO), integrating it into the OPW Global unit of its Fueling Solutions segment. With this acquisition, Dover aims to enhance its offerings in fueling solutions and leverage RegO's expertise. The acquisition is part of Dover's strategic growth initiatives, reflecting its commitment to expanding market presence. Dover, which generates over $7 billion in annual revenue, continues to develop innovative equipment and solutions across various sectors.

Positive

• Strategic acquisition of RegO enhances Dover's Fueling Solutions segment.
• Expected synergies from integrating RegO's expertise into existing operations.

Negative

• None.

DOWNERS GROVE, Ill., Dec. 29, 2021 /PRNewswire/ -- Dover (NYSE: DOV) announced today that it has completed the previously announced acquisition of Engineered Controls International, LLC ("RegO"), which will become part of the OPW Global ("OPW") operating unit within Dover's Fueling Solutions segment.

About Dover:

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, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. 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 over 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. 

Investor Contacts:	Media Contact:
Andrey Galiuk	Adrian Sakowicz
Vice President – Corporate Development	Vice President – Communications
and Investor Relations	(630) 743-5039
(630) 743-5131	asakowicz@dovercorp.com
agaliuk@dovercorp.com
Jack Dickens
Director - Corporate Development and Investor Relations
(630) 743-2566
jdickens@dovercorp.com

 

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SOURCE Dover

FAQ

What is the purpose of Dover's acquisition of Engineered Controls International?

The acquisition aims to enhance Dover's offerings in fueling solutions and leverage RegO's expertise.

When did Dover complete the acquisition of RegO?

Dover completed the acquisition of Engineered Controls International on December 29, 2021.

What is the expected impact of the acquisition on Dover's business?

The acquisition is expected to strengthen Dover's market position and drive growth in the Fueling Solutions segment.

How does the acquisition of RegO affect Dover's revenue?

While the specific financial impact has not been disclosed, the acquisition is part of Dover's strategy to boost growth and expand market share.