Business
Dover to Acquire SIKORA, a Leading Provider of Measuring and Control Technologies
Dover Corporation (NYSE: DOV) today announced that it has entered into a definitive agreement to acquire SIKORA AG ("SIKORA" or the "Company") for €550 million in cash, subject to customary adjustments. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including receipt of regulatory approvals. Following the closing of the transaction, SIKORA will become part of Dover's MAAG operating unit within Dover's Pumps & Process Solutions segment
About this update from Dover Corporation
[{"type":"text","content":"DOWNERS GROVE, Ill., May 5, 2025 /PRNewswire/ -- Dover Corporation (NYSE: DOV) today announced that it has entered into a definitive agreement to acquire SIKORA AG ("SIKORA" or the "Company") for €550 million in cash, subject to customary adjustments. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including receipt of regulatory approvals. Following the closing of the transaction, SIKORA will become part of Dover's MAAG operating unit within Dover's Pumps & Process Solutions segment.","length":587,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Dover)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Dover)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":132,"url":"https://media.zenfs.com/en/prnewswire.com/c0dea200ef605d25738231bcc07600a4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZQ08NCEofmM7tE767hzlMQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c0dea200ef605d25738231bcc07600a4","width":400,"height":132}},"href":"https://mma.prnewswire.com/media/717019/Dover_blue_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Founded in 1973 by Harald Sikora and headquartered in Bremen, Germany, SIKORA is a leading provider of precision measurement, inspection, and control solutions for production processes in the wires and cables, hoses, tubes, sheets, optical fibers, and plastics industries. The Company's solutions enable its customers to ensure the highest quality and durability of their end products while driving cost efficiency, process optimization, and compliance to increase quality assurance. Demand for SIKORA's products continues to increase, as the trend toward electrification accelerates, driven by strong growth in high-performance applications such as data centers. The Company, which has grown at a double-digit organic growth rate over the last three years with a robust outlook, generated approximately €100 million in revenue in 2024.","length":850,"tagName":"p"},{"type":"text","content":""SIKORA represents a highly-strategic acquisition for MAAG," said Ueli Thuerig, MAAG's President. "The Company's outstanding products address similar customer needs to MAAG's pro...