M&A Deal Summary

Dover Acquires Boivin Evolution - Intellectual Property

On April 6, 2022, Dover acquired automotive company Boivin Evolution - Intellectual Property from Boivin Evolution

Acquisition Highlights
  • This is Dover’s 2nd transaction in the Automotive sector.
  • This is Dover’s 2nd transaction in Canada.
  • This is Dover’s 1st transaction in Quebec.

M&A Deal Summary
Date 2022-04-06
Target Boivin Evolution - Intellectual Property
Sector Automotive
Buyer(s) Dover
Sellers(s) Boivin Evolution
Deal Type Divestiture

Target

Boivin Evolution - Intellectual Property

Levis, Quebec, Canada
Boivin Evolution's Intellectual Property related to electrically-powered refuse collection vehicle (“RCV”) bodies.

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Buyer(S) 1

Buyer

Dover

Downers Grove, Illinois, United States
Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
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 50 of 58
Sector (Automotive) 2 of 2
Type (Divestiture) 3 of 4
State (Quebec) 1 of 1
Country (Canada) 2 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 RegO

Elon, North Carolina, United States

RegO is a designer and manufactures a comprehensive range of flow control valves and regulators that are sold to domestic and international markets under the RegO and Goddard brand names. RegO was formed in 1908 and is based in Elon, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Malema

Boca Raton, Florida, United States

Malema is a designer and manufacturer of high-precision, mission-critical flow-measurement and control instruments serving customers in the biopharmaceutical, semiconductor, and industrial sectors. Malema was founded in 1981 and is based in Boca Raton, Florida.

Buy -

Seller(S) 1

SELLER

Boivin Evolution

Levis, Quebec, Canada
Category Company
Founded 2017
Sector Automotive
DESCRIPTION

Boivin Evolution is a development of an all-electric automated side-loading RCV body that, when combined with an electric truck chassis, enables a zero-emission refuse truck. Boivin Evolution was founded in 2017 and is based in Levis, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Mergr

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