Add-on Acquisition • Software

Dover Acquires Site IQ

On August 4, 2025, Dover acquired software company Site IQ

Acquisition Context

This is Dover’s 5th transaction in the Software sector.
This is Dover’s 42nd transaction in the United States.
This is Dover’s 2nd transaction in Illinois.

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M&A Deal Summary
Date	August 4, 2025
Target	Site IQ
Sector	Software
Buyer(s)	Dover
Deal Type	Add-on Acquisition

Target Company

Site IQ

Lombard, Illinois, United States

Site IQ is an IoT company specializing in remote monitoring and actionable intelligence for fueling sites. Site IQ is based in Lombard, Illinois.

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Buyer Overview 1

Buyer

Dover

Downers Grove, Illinois, United States

Category	Company
Founded	1947
Sector	Machinery
Employees	24,000
Revenue	7.7B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	62 of 62
Sector: Software	5 of 5
Type: Add-on Acquisition	58 of 58
State: Illinois	2 of 2
Country: United States	42 of 42
Year: 2025	4 of 4

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2025-06-18	ipp Bersenbrück, Germany ipp is a manufacturer of sanitary pump technologies, including hygienic lobe, progressive, and other processing equipment. ipp was founded in 2004 and is based in Bersenbrück, Germany.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2025-06-18

ipp

Bersenbrück, Germany

ipp is a manufacturer of sanitary pump technologies, including hygienic lobe, progressive, and other processing equipment. ipp was founded in 2004 and is based in Bersenbrück, Germany.

Buy

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