Dover Corporation - DOV STOCK NEWS

Dover (NYSE: DOV) announced that its President and CEO, Richard J. Tobin, will present at the Morgan Stanley Virtual Laguna Conference on September 16, 2020, at 9:00 am ET. Interested parties can access a live audio webcast via dovercorporation.com, with a replay available for 90 days. Dover, a diversified global manufacturer, generates approximately $7 billion in annual revenue and operates in five segments, employing over 23,000 people worldwide.

Marathon Equipment, part of Environmental Solutions Group and Dover (DOV), has launched the RJ-250SC²™ self-contained compactor. This innovative compactor improves maintenance by elevating cylinders to reduce maintenance needs and costs. The new design increases accessibility and safety for technicians while addressing issues with traditional compactor designs in wet waste environments. Marathon Equipment, established in 1968, specializes in durable and easy-to-maintain compactors and recycling equipment.

Dover (NYSE: DOV) will conduct a virtual analyst and investor meeting on September 14, 2020, at 11:00 a.m. Eastern time. The focus will be on the Pumps and Process Solutions segment and the biopharma market. Presentations will be made by Richard J. Tobin, President and CEO, and key executives from the segment. A live webcast and materials will be available on dovercorporation.com prior to the event. Those interested can join in audio-only mode or submit questions by dialing the provided numbers. The session will also be recorded and accessible later.

Blackmer, a division of Dover (NYSE: DOV), announced the launch of its new MAGNES Series Sliding Vane Magnetic Drive Pumps on September 2, 2020. These pumps utilize advanced seal-less magnetic drive technology to address operational challenges such as dry running and handling viscous or hazardous liquids. The pumps offer benefits including self-priming, low maintenance, and high efficiency (70-90%). Currently available in a 3-inch model, a 4-inch model is expected in January 2021. The MAGNES Series aims to enhance performance in severe-duty applications and is designed for flexibility in varying operational conditions.

Dover has completed the acquisition of XanTec Steuerungs- und EDV-Technik GmbH, a German firm specializing in automation solutions for industrial machinery, particularly in plastic and polymer processing. This acquisition enhances the Maag Group's offerings within Dover's Pumps & Process Solutions segment. The integration positions Maag to expand its market presence in aftermarket services and IoT-enabled solutions. The transaction's financial details remain undisclosed. Dover, with annual revenue of approximately $7 billion, continues to innovate across various sectors.

Destaco, a division of Dover (NYSE: DOV), has launched a new line of patent-pending Manual Swing Clamps aimed at enhancing productivity in industrial, aerospace, and automotive sectors. This product combines features of existing pneumatic and straight line clamps, responding to customer demand for cost-effective, manually operated solutions without air requirements. Key features include a detent mechanism for secure positioning and future models integrating Toggle Lock Plus™. This development is expected to provide customers with additional tools for demanding workholding applications.

Dover announced the acquisition of Solaris Laser S.A., enhancing its Markem-Imaje business unit within the Imaging & Identification segment. Solaris, based in Europe, specializes in laser systems for industrial product marking and coding, having over 25 years in the industry. The acquisition is aligned with Dover's strategy for sustainable growth, expanding Markem-Imaje’s product line to meet increasing demand for laser coding technologies. The financial terms were not disclosed, but the move reflects Dover's commitment to investing in core markets that could create value for shareholders.

Dover Precision Components, a division of Dover (NYSE: DOV), has inaugurated a new Innovation Lab in Houston, TX. This 12,000 square foot facility will centralize testing capabilities for hydrodynamic fluid film bearings and reciprocating compressor components. It aims to enhance product development with independent test bays and dedicated inspection rooms. While commissioning is in progress, the lab also supports COVID-19 safety measures by providing additional break rooms for employees. The initiative underscores Dover's commitment to delivering reliable and efficient solutions.

Dover's Caldera has launched Caldera WebShop, an e-commerce platform aimed at enhancing digital transformation for customers in the printing industry. Developed in response to the COVID-19 pandemic, this solution allows users to create customizable storefronts and streamline web-to-print operations. Key features include online product catalogs, prepress, logistics support, and real-time order tracking. This innovation aims to improve user experience and adapt to increased demand for online services.