Dover (DOV, Financial) is poised to expand its operations by acquiring Sikora for EUR 550 million in cash. The agreement is definitive, with adjustments expected to follow the standard procedures. Finalization of the deal is anticipated in the second quarter of 2025, pending customary closing conditions and regulatory approvals.
Upon completion, Sikora will be integrated into Dover's MAAG unit, which operates within the Pumps & Process Solutions segment. Sikora, established in 1973 by Harald Sikora and based in Bremen, Germany, specializes in high-precision measurement, inspection, and control technologies for various production processes. These include industries such as wires, cables, hoses, tubes, sheets, optical fibers, and plastics.
The company has demonstrated impressive growth, achieving a double-digit organic growth rate in recent years, and reported revenues of approximately EUR 100 million in 2024.
