Dover Corporation - DOV STOCK NEWS

CPC, part of Dover (NYSE: DOV), is expanding its operations in Minneapolis-St. Paul to meet growing demand in biopharmaceuticals and other markets. The company plans to occupy a new 168,000-square-foot facility in Arden Hills, Minn. by fall 2022, complementing existing operations in Roseville. With a doubling workforce since 2020, CPC now employs nearly 1,200 people globally and has expanded its cleanroom capabilities to meet customer needs. This strategic growth reflects increasing demand for its fluid management solutions amid expanding market opportunities.

TWG, part of Dover (DOV), has launched a global e-commerce website, shop.dovertwg.com. This major initiative reflects TWG's investment in digital transformation aimed at enhancing customer experiences. The site allows users to shop the full range of TWG mechanical and electronic products, streamlining the purchasing process. Key features include a 3-way search, product selector, and quick order options to boost productivity for engineering and sales teams. The launch positions TWG to better meet customer needs and grow market share.

Dover (NYSE: DOV) announced the launch of the FTW250AS brazed plate heat exchanger (BPHE), utilizing its innovative Hypertwain® technology. This BPHE targets reversible chillers and heat pumps, featuring an integrated suction gas heat exchanger that enhances evaporator performance and seasonal efficiency. The FTW250AS supports capacities up to approximately 70 USRt, with plans for expansion up to 200 USRt. The Hypertwain system caters to high-pressure refrigerants, aiming for improved freeze resistance and reduced water pressure drop.

Dover (NYSE: DOV) will release its fourth quarter 2021 earnings on January 27, 2022, at 6:00 a.m. Central time. A conference call will follow at 8:30 a.m. Central time to discuss the results. Dover, a global manufacturer with over $7 billion in annual revenue, operates through five segments, including Engineered Products and Fueling Solutions. Participants can join the call by dialing 1 (866) 831-8713 domestically or 1 (203) 518-9797 internationally, using conference ID DOVQ421. The call will also be available via a live audio webcast on the company's website.

Hydro Systems, part of Dover (NYSE: DOV), launched the Multi-Washer 3000 Series featuring EvoClean, a chemical dispensing system designed for on-premise laundries. This system can manage up to three washers and dispense up to eight chemicals efficiently, offering detailed reporting to lower operational costs. It incorporates Hydro Connect, a cloud-based tool for real-time management and maintenance, minimizing travel needs for configuration changes. The product aims to enhance operational efficiency, reduce costs, and improve customer satisfaction.

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.

Ravaglioli, part of Dover (NYSE: DOV), announced a strategic technical agreement with TEXA on December 21, 2021. This collaboration aims to enhance automotive workshop offerings through integrated diagnostic technologies, addressing modern vehicle challenges. The partnership builds on prior work in radar and camera calibration, positioning both companies to leverage their unique strengths in the automotive equipment sector. This agreement is expected to bolster innovation and improve service capabilities across Ravaglioli's and TEXA's offerings.

Dover has completed the acquisition of Acme Cryogenics for $295 million and has a definitive agreement to acquire Engineered Controls International (RegO) for $631 million, both enhancing its Fueling Solutions segment. Acme's expected 2021 sales are $70 million and RegO's $210 million, with both showing strong growth trends. These acquisitions will add over $300 million in annual sales potential in clean energy applications, contributing positively to EBITDA margins and providing synergies leveraging Dover's operational capabilities.

Dover's subsidiary 3rd Eye announced the launch of Purif-Eye, a new SaaS solution designed to assist commercial recycling haulers in identifying contamination in recycling streams. This hands-free system processes images of container contents, enabling timely contamination notifications, which helps reduce fines of up to $100 per ton for contaminated loads. 3rd Eye's technology aims to educate customers on waste monitoring, potentially generating $6,500 in additional monthly revenue per front loader. This initiative supports ESG's digital strategy for improved decision-making among fleet owners.