Dover Completes Acquisition Of Engineered Controls International, Llc

Dec 29, 2021•over 3 years ago

Acquiring Company

Dover

Acquired Company

Engineered Controls International

Downers Grove

Description

Dover (NYSE: DOV) announced today that it has completed the previously announced acquisition of Engineered Controls International, LLC ("RegO"), which will become part of the OPW Global ("OPW") operating unit within Dover's Fueling Solutions segment.

Company Information

Company

Dover

Location

Downers Grove, Illinois, United States

About

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

M&A Insights

Based on deal data

Integration 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