Welcome to our dedicated page for Dover news (Ticker: DOV), a resource for investors and traders seeking the latest updates and insights on Dover stock.
Dover Corporation (NYSE: DOV) delivers engineered solutions across clean energy, industrial manufacturing, and advanced technologies. This dedicated news hub provides investors and industry professionals with essential updates about the company's strategic developments.
Access official press releases covering earnings results, product innovations, sustainability initiatives, and operational milestones. Our curated collection simplifies tracking DOV's progress in key segments including Climate & Sustainability Technologies, Pumps & Process Solutions, and Clean Energy & Fueling systems.
Stay informed about leadership changes, partnership announcements, and market expansions through verified updates. All content is organized chronologically for quick reference, with clear sourcing to ensure reliability. Bookmark this page for efficient monitoring of Dover's advancements in industrial automation, digital identification systems, and specialized manufacturing solutions.
Dover has completed its acquisition of LIQAL B.V., a supplier of liquefied natural gas (LNG) and hydrogen refueling equipment. This acquisition strengthens Dover Fueling Solutions' (DFS) portfolio in alternative fuels, particularly in Europe, amid growing demand for decarbonization in transportation. LIQAL’s innovative solutions are expected to enhance DFS's capabilities in serving customers investing in lower-carbon fuels. Although transaction terms were undisclosed, Dover anticipates that this strategic move will bolster its market position.
Dover's MAAG Group has launched the new eXso™ centrifugal dryer, enhancing performance for drying pellets from underwater and wet cut strand pelletizers. The innovative design features a 3-door housing, enabling easier access and reducing contamination risks. With a capability of processing up to 8,200 kg/hr, the eXso dryer aims to improve reliability and product quality, utilizing 23% less floor space. This product addresses customer needs for efficient drying and faster cleaning processes, reflecting MAAG's commitment to innovation.
Environmental Solutions Group (ESG), a part of Dover (DOV), has announced a new Bluetooth integration between Soft-Pak™ and 3rd Eye® that enhances the connection of onboard digital scales with Soft-Pak's tablets. This integration allows for hands-free data transmission of container weight, reducing driver workload and improving safety. The feature provides fleet owners with accurate weight data, enabling potential upsell opportunities. It is part of ESG's Connected Collections Digital Strategy and is compatible with multiple onboard scale brands, enhancing operational efficiency.
Dover Fueling Solutions (DFS), a part of Dover (NYSE: DOV), announced a collaboration with Shep Digital Solutions to improve in-store traffic for convenience retailers. The partnership integrates Shep's merchandising platform with DFS's DX Promote solution, enhancing promotional messaging through data analytics. This allows retailers to convert fuel-only consumers into multi-product purchasers by customizing content based on sales data. DFS aims to address challenges faced by retailers in driving customer engagement and sales.
Dover (NYSE: DOV) has announced a definitive agreement to sell its Unified Brands business to Electrolux Professional AB for approximately $244 million, on a cash-free and debt-free basis. Unified Brands, expected to generate $135 million in sales for 2021, specializes in professional cooking equipment for commercial food service operators. The transaction aims to allow Dover to focus on its core businesses, while Unified Brands will benefit from Electrolux's specialized market focus. The deal is expected to close in the fourth quarter of 2021.
Dover will release its third quarter 2021 earnings on October 19, 2021, at 6:00 a.m. CT. A conference call to discuss these results will follow at 9:00 a.m. CT. Investors can participate by dialing 1 (877) 876-9176 domestically or 1 (785) 424-1670 internationally, with the conference ID DOVQ321. An audio replay will be available from 12:00 p.m. CT on October 19 until 10:59 p.m. CT on October 26. Dover, a diversified global manufacturer, boasts annual revenue of approximately $7 billion.
Heil, part of Environmental Solutions Group and Dover (NYSE: DOV), announces the expansion of its dealer network with a new Environmental Equipment Sales and Service (EESS) location in Rochester, New York. EESS has become a leading Heil dealer since its inception in 2016, serving multiple Northeastern states. The new facility will provide sales, service, parts, and support with trained technicians. Heil's long-standing reputation in refuse truck manufacturing is reinforced by this expansion, as the company continues to enhance customer service and dealer presence in the region.
Hydro Systems, a division of Dover (NYSE: DOV), has introduced the Connected Total Eclipse® Controller, an IoT-enabled electronic control system for on-premise laundries with up to four washers. This innovative controller enhances operational efficiency by providing real-time insights into productivity, chemical usage, and costs. It is compatible with existing Hydro dispensers and can be retrofitted easily. Users can access detailed reports and adjust configurations remotely, optimizing operations and reducing expenses. This expansion highlights Hydro Systems' commitment to innovative solutions in laundry management.
Dover has acquired The Espy Corporation, enhancing its Microwave Products Group (MPG) within the Engineered Products segment. Espy specializes in advanced electronic radio frequency sensor systems, improving signal intelligence capabilities. This acquisition positions MPG for growth in global signal intelligence demand, particularly within the defense industry, and allows for enhanced product offerings and cross-selling opportunities. The financial terms of the acquisition remain undisclosed. Dover reported annual revenue of approximately $7 billion.
