- Dover Corporation (DOV, Financial) has completed the acquisition of SIKORA AG.
- SIKORA AG will be integrated into Dover's MAAG operating unit within the Pumps & Process Solutions segment.
- The move is expected to enhance operational synergies and expand the segment's capabilities.
Dover Corporation (DOV), a global leader in innovative equipment and solutions, has successfully finalized the acquisition of SIKORA AG. This acquisition, originally announced earlier, marks a strategic expansion for Dover's Pumps & Process Solutions segment. By integrating SIKORA AG into its MAAG operating unit, Dover aims to leverage operational synergies and bolster its market presence.
The acquisition aligns with Dover's strategy to enhance its product offerings and service capabilities across its diversified business segments. The company, headquartered in Downers Grove, Illinois, generates over $7 billion in annual revenue and operates in five key segments including Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies.
Dover (DOV, Financial) is known for its entrepreneurial approach and employs approximately 24,000 people globally, fostering a collaborative environment to drive innovation. The company trades on the New York Stock Exchange under the ticker "DOV."
