Dover Completes Acquisition of FW Murphy

Rhea-AI Summary

Dover (NYSE: DOV) has successfully completed the acquisition of the business of FW Murphy Production Controls, LLC, integrating it into the Dover Precision Components operating unit within Dover's Pumps & Process Solutions segment.

DOWNERS GROVE, Ill., Dec. 4, 2023 /PRNewswire/ -- Dover (NYSE: DOV) announced today that it has completed the previously reported acquisition of the business of FW Murphy Production Controls, LLC, which will become part of the Dover Precision Components operating unit within Dover's Pumps & Process Solutions segment.

About Dover:

Dover is a diversified global manufacturer and solutions provider with 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 over 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.

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

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SOURCE Dover

FAQ

What did Dover (NYSE: DOV) announce on Dec. 4, 2023?

Dover (NYSE: DOV) announced the completion of the acquisition of the business of FW Murphy Production Controls, LLC, which will now be part of the Dover Precision Components operating unit within Dover's Pumps & Process Solutions segment.

What is the impact of the acquisition on Dover (NYSE: DOV)?

The acquisition integrates the business of FW Murphy Production Controls, LLC into Dover Precision Components, expanding Dover's presence in the Pumps & Process Solutions segment.

What segment of Dover (NYSE: DOV) does the acquired business become part of?

The acquired business becomes part of the Dover Precision Components operating unit within Dover's Pumps & Process Solutions segment.

How will the acquisition affect Dover (NYSE: DOV) stock performance?

The impact on stock performance will depend on the market's reaction to the acquisition and the potential synergies and growth opportunities it brings to Dover.

What is the ticker symbol for Dover?

The ticker symbol for Dover is DOV.