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Dover - M&A Summary and Business Overview

MachineryCompany

Dover M&A Summary

Dover has acquired 65 companies, including 24 in the last 5 years. A total of 18 acquisitions came from private equity firms. It has also divested 29 assets.

Dover’s largest acquisition to date was in 2011, when it acquired NXP s Sound Solutions Business for $855M. It’s largest disclosed sale occurred in 2024, when it sold Environmental Solutions Group to Terex for $2.0B. Dover has acquired in 22 different US states, and 10 countries. The Company’s most targeted sectors include manufacturing (28%) and machinery (22%).

Dover Business Overview

Where is Dover headquartered?

Dover is headquartered in Downers Grove, Illinois.

What is Dover’s revenue?

Dover disclosed revenue of 7,746M USD for 2024 and 7,684M USD for 2023.

How many employees does Dover have?

Dover has 24,000 employees.

What sector is Dover in?

Dover is a machinery company.

When was Dover founded?

Dover was founded in 1947.

M&A Summary

  • M&A Total Activity90
    • M&A Buy Activity61
    • M&A Sell Activity29
  • Total Sectors Invested 14
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 47
  • M&A Advisors 5

Dover

Dover Corp.

3005 Highland Parkway,
Downers Grove, Illinois 60515
United States,
(630) 541-1540
www.dovercorporation.com

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (3.8/yr) # 42 7 2 1 6 3 61
vol $4.8B $295M $530M $509M $620M $6.8B
Sell (0.2/yr) # 28 - - - 1 - 29
vol $2.4B $2.0B $4.4B
  90

Most Recent M&A

Company Date Value Type
ipp Pump Products GmbH 2025-06-18 - Add-on Acquisition
Bersenbrück, Germany · www.pump-products.de
Sikora AG 2025-05-05 620M EUR Add-on Acquisition
Bremen, Germany · www.sikora.net
Cryogenic Machinery Corp. 2025-01-20 - Add-on Acquisition
North Hollywood, California · www.cryomach.com
Criteria Labs, Inc. 2024-08-19 - Add-on Acquisition
Austin, Texas · www.criterialabs.com
SPS Cryogenics B.V. 2024-08-12 - Add-on Acquisition
Heerhugowaard, Netherlands · www.sps-sgs.com
Marshall Excelsior Co. 2024-07-22 395M USD Add-on Acquisition
Marshall, Michigan · www.marshallexcelsior.com
Environmental Solutions Group 2024-07-22 2.0B USD Divestiture
Chattanooga, Tennessee · www.doveresg.com
Demaco Holland B.V. 2024-07-18 - Add-on Acquisition
Noord-Scharwoude, Netherlands · www.demaco-cryogenics.com
Bulloch Technologies, Inc. 2024-01-31 114M CAD Add-on Acquisition
Mississauga, Ontario · www.bullochtech.com
Transchem, Inc. 2024-01-17 - Add-on Acquisition
Cambridge, Ontario · www.transchem.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Pump Solutions Group    - Finder Pompe S.p.a. 2019-04-02 1
Downers Grove, Illinois Merate, Italy · www.finderpumps.com
Hill Phoenix, Inc. 1993-01-01 Hill Phoenix, Inc. - Walk-Ins Business 2015-12-07 1
Conyers, Georgia · www.hillphoenix.com Conyer, Georgia
Maag Group 2012-03-13 Pouttu Oy 2013-03-06 2
Grossostheim
, Germany · www.maag.com Kannus, Finland · www.pouttu.fi
Neptune Chemical Pump Co., Inc. 2008-04-11 Waters Equipment 2011-02-01 1
Lansdale, Pennsylvania , United States · www.watersequipment.com
Anthony, Inc.    - Trausch Industries, Inc. 2010-03-03 3
Sylmar, California · www.anthonyintl.com Audubon, Iowa
Hill Phoenix, Inc. 1993-01-01 Tyler Refrigeration 2009-05-08 3
Conyers, Georgia · www.hillphoenix.com Niles, Michigan

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 13 (21%) 780M (12%) 12 (41%) 3.6B (80%)
Manufacturing 17 (28%) 2.5B (37%) 3 (10%) 93M (2%)
Technology Hardware 5 (8%) - 3 (10%) 185M (4%)
Electrical Equipment 3 (5%) - 3 (10%) -
Semiconductors 2 (3%) 750M (11%) 4 (14%) 110M (2%)
Energy Services and Equipment 5 (8%) 1.1B (16%) - -
Software 4 (7%) 153M (2%) - -
Automotive 2 (3%) 325M (5%) 2 (7%) -
Test/Measurement Equipment 3 (5%) 1.1B (17%) - -
Aerospace 2 (3%) 68M (1%) 1 (3%) 500M (11%)
Chemicals 2 (3%) - - -
Business Services 1 (2%) - - -
Communications 1 (2%) - - -
Internet Software and Services 1 (2%) - - -
Safety/Security - - 1 (3%) -
Total 61 $6.8B 29 $4.4B

By Geo

State/Country Buy Value Sell Value
United States 41 4.8B 24 4.2B
  Florida 5 - 2 185M
  California 5 602M 2 -
  Texas 5 2.1B 1 -
  Ohio 3 - 2 -
  Michigan 2 395M 2 -
  Pennsylvania 3 295M - -
  Georgia 2 - 1 -
  Missouri 1 - 1 -
  Iowa 1 - 1 290M
  Illinois 1 750M 1 -
  Arizona 1 68M 1 500M
  Utah 1 - 1 -
  Tennessee 1 - 1 2.0B
  Oregon 1 325M 1 -
  North Carolina 1 - 1 160M
  New York 1 - 1 1.1B
  New Jersey 1 - - -
  Minnesota 1 - - -
  Colorado 1 220M - -
  Alabama 1 - - -
  Wisconsin 1 13M - -
  Kentucky - - 1 -
  Arkansas - - 1 -
  South Carolina - - 1 -
Germany 6 941M 1 80M
Canada 4 114M - -
  Ontario 2 114M - -
  Quebec 1 - - -
  Alberta 1 - - -
France 2 39M 1 -
Netherlands 3 - - -
Switzerland - - 2 30M
Australia 1 - - -
Austria 1 855M - -
Denmark 1 - - -
Italy 1 - - -
Poland 1 - - -
United Kingdom - - 1 93M
Domestic 41 (67%) 4.8B (71%) 24 (83%) 4.2B (95%)
Cross-border 20 (33%) 1.9B (29%) 5 (17%) 203M (5%)
Total 61 $6.8B 29 $4.4B

Top M&A Advisors

Financial Deals
Lincoln International
 7
Lazard
 3
Liger Capital Advisors
 1
Legal Deals
Debevoise & Plimpton
 1

Deal Values

buy # Total
$100M to $1B 14 $6.6B
< $100M 3 $120M
TOTAL $6.8B
Largest NXP's Sound Solutions Business
$855M (2011-07-05)
sell # Total
> $1B 2 $3.1B
$100M to $1B 4 $1.1B
< $100M 3 $203M
TOTAL $4.4B
Largest Environmental Solutions Group
$2.0B (2024-07-22)

M&A Connections

Deals
Acquired from
Investor(s)
23%
14 (23%)
Strategic(s)
7%
4 (7%)
Divested to
Investor(s)
28%
8 (28%)
Strategic(s)
66%
19 (66%)

Company Summary

SECTOR

Machinery

Revenue

7,746   1% 2024
7,684   3% 2023
7,844   1% 2022
7,907   19% 2021
6,684   7% 2020
7,136   3% 2019
6,992   11% 2018
7,830   16% 2017
6,794   3% 2016
6,956   11% 2015
7,753   9% 2014
7,155   8% 2013
6,626   2012
(millions of USD) Show More Show Less

Employees

24,000

Established

1947

Public

NYSE: DOV

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