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Acquiring Company
Dover Corporation
Acquired Company
Cloeren Incorporated
Description
Dover Corporation has signed a definitive agreement to acquire Cloeren Incorporated. Cloeren will be integrated into Dover's MAAG business unit, enhancing their solutions in polymer processing applications. The transaction is expected to close in the third quarter, subject to customary conditions.
Related People
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed