M&A Deal Summary

Dover Acquires NXP s Sound Solutions Business

On July 5, 2011, Dover acquired manufacturer NXP s Sound Solutions Business from NXP Semiconductors for 855M USD

Acquisition Highlights
  • This is Dover’s 9th transaction in the Manufacturing sector.
  • This is Dover’s largest (disclosed) transaction.
  • This is Dover’s 1st transaction in Austria.

M&A Deal Summary

Date 2011-07-05
Target NXP s Sound Solutions Business
Sector Manufacturing
Buyer(s) Dover
Sellers(s) NXP Semiconductors
Deal Type Divestiture
Deal Value 855M USD

Target

NXP s Sound Solutions Business

Vienna, Austria
Sound Solutions a manufacturers of dynamic speakers and receivers for cell phones and other consumer electronics. It has manufacturing facilities in Vienna and Beijing.

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Buyer(S) 1

Buyer

Dover

Downers Grove, Illinois, United States

website


Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.5B USD (2022)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

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.


DEAL STATS #
Overall 26 of 54
Sector (Manufacturing) 9 of 16
Type (Divestiture) 2 of 4
Country (Austria) 1 of 1
Year (2011) 2 of 3
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Harbison-Fischer

Crowley, Texas, United States

Harbison-Fischer, Inc. a designer and manufacturer of down-hole rod pumps and related products, for the oil & gas marketplace. Harbison-Fischer is recognized globally for their quality, technology, and service leadership. The company has a global customer base and has products in operation all over the world. The company is headquartered in Crowley, Texas.

Buy $403M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-07 International Equipment Solutions

Lexington, Kentucky, United States

International Equipment Solutions is a global engineered equipment platform serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany.

Sell -

Seller(S) 1

SELLER

NXP Semiconductors

Eindhoven, Netherlands

website


Category Company
Founded 2006
Sector Semiconductors
Employees31,000
Revenue 11.1B USD (2021)
DESCRIPTION
Entrance to NXP Semiconductors' office in San Jose, California.
Entrance to NXP Semiconductors' office in San Jose, California.

NXP Semiconductors is a provider of semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. NXP Semiconductors was founded in 2006 and is based in Eindhoven, the Netherlands.


DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 3
Country (Austria) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 GloNav

Newport Beach, California, United States

GloNav is a fabless semiconductor company developing global positioning system (GPS) and other satellite navigation technologies and products. The company has the longest heritage of GPS technology in the semiconductor industry - more than 20 years - and leverages this into the highest sensitivity, lowest power and fastest time-to-first-fix (TTFF) semiconductor solutions available for the wireless handset and mobile consumer electronics device markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 FreeScale Semiconductor

Austin, Texas, United States

Freescale Semiconductor, Inc. is a designer and manufacturer of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. FreeScale designs, researches and development, manufacturing or sales operations in more than 30 countries.

Buy $11.8B