Dover Completes Acquisition of Cloeren

Rhea-AI Summary

Dover (NYSE: DOV) announced the completion of its previously reported acquisition of Cloeren Incorporated on August 12, 2026. Cloeren will be integrated into the MAAG business unit within Dover's Pumps & Process Solutions segment, expanding that segment's portfolio of technologies and services.

Dover describes itself as a diversified global manufacturer and solutions provider with annual revenue of over $8 billion, operating across five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The company has approximately 24,000 employees and is headquartered in Downers Grove, Illinois.

Positive

• Acquisition of Cloeren completed, adding to MAAG within Pumps & Process Solutions
• Dover scale highlighted with annual revenue over $8 billion and about 24,000 employees

Negative

• None.

News Explained

The completed acquisition adds no disclosed purchase price or closing-condition details, leaving its economic effect on existing common holders unquantified.

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DOWNERS GROVE, Ill., Aug. 12, 2026 /PRNewswire/ -- Dover Corporation (NYSE: DOV) today announced that it has completed the previously reported acquisition of Cloeren Incorporated, which will become part of the MAAG business unit within Dover's Pumps & Process Solutions segment.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 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.

Investor Contact:	Media Contact:
Jack Dickens	Adrian Sakowicz
Vice President – Investor Relations	Vice President – Communications
(630) 743-2566	(630) 743-5039
jdickens@dovercorp.com	asakowicz@dovercorp.com

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SOURCE Dover

FAQ

What did Dover (NYSE: DOV) announce on August 12, 2026 regarding Cloeren?

Dover announced it completed the previously reported acquisition of Cloeren Incorporated. According to Dover, Cloeren will become part of the MAAG business unit within the Pumps & Process Solutions segment, further broadening that segment’s technology and equipment offerings.

How will Cloeren be integrated into Dover’s business structure after the acquisition?

Cloeren will be integrated into Dover’s MAAG business unit within the Pumps & Process Solutions segment. According to Dover, this places Cloeren alongside existing flow control and process solutions technologies under a single organizational structure focused on pumps and process applications.

What is Dover’s revenue and scale following the Cloeren acquisition announcement?

Dover reports annual revenue of over $8 billion and a workforce of about 24,000 employees. According to Dover, this diversified scale spans five operating segments, including Pumps & Process Solutions, which will now include Cloeren within the MAAG business unit.

Which business segments does Dover (DOV) operate in after acquiring Cloeren?

Dover operates through five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. According to Dover, Cloeren will specifically reside in the Pumps & Process Solutions segment under the MAAG business unit.

Where is Dover headquartered and on which exchange does DOV trade?

Dover is headquartered in Downers Grove, Illinois, and trades on the New York Stock Exchange under the symbol DOV. According to Dover, investors can find additional company information on its corporate website for further background and disclosures.

Who are the investor and media contacts for Dover regarding the Cloeren acquisition?

Investor inquiries are directed to Jack Dickens, Vice President – Investor Relations, and media inquiries to Adrian Sakowicz, Vice President – Communications. According to Dover, both can be reached by phone or email at the listed Dover corporate contact details.