Dover to Acquire Leistung, Expand Manufacturing Footprint and Cryogenic Offerings

Rhea-AI Summary

Dover (NYSE: DOV) signed a definitive agreement to acquire Leistung Engineering Pvt. Ltd., a cryogenic valve manufacturer based in Ahmedabad, India. After closing, Leistung will join OPW Fluid Transfer Solutions within Dover’s Clean Energy & Fueling segment.

Leistung designs and manufactures cryogenic globe, check and control valves for liquefied natural gas, industrial gas and other low-temperature uses, and offers diaphragm valves, filtration systems and related products. According to Dover, Leistung has delivered double-digit organic growth over the past three years, supported by R&D, new products and its engineering team.

Leistung’s modern Indian facility is expected to serve as a strategic manufacturing hub with substantial expansion capacity, positioned to benefit from investments in LNG terminals and gas pipelines. The transaction is expected to close in the fourth quarter, subject to customary conditions; terms were not disclosed.

Positive

• Strategic India manufacturing hub added through Leistung’s modern facility with expansion capacity
• Cryogenic product portfolio broadened with LNG and industrial gas valves plus filtration systems
• Double-digit organic growth at Leistung over the past three years, per Dover
• Stronger presence in rapidly growing Indian market for cryogenic flow control solutions

Negative

• Transaction terms not disclosed, limiting investor visibility into deal valuation and economics
• Closing is subject to customary conditions, creating some execution and timing uncertainty

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DOWNERS GROVE, Ill., Aug. 18, 2026 /PRNewswire/ -- Dover Corporation (NYSE: DOV) today announced that it has signed a definitive agreement to acquire Leistung Engineering Pvt. Ltd. ("Leistung"), which will become part of OPW Fluid Transfer Solutions within Dover's Clean Energy & Fueling segment following the closing of the deal.

Headquartered in Ahmedabad, India, Leistung specializes in the design and manufacture of cryogenic valves, including globe, check and control valves engineered for liquefied natural gas, industrial gas, and other low-temperature applications, along with a complementary portfolio of diaphragm valves, filtration systems, and related products. Leistung has driven double-digit organic growth over the past three years through continuous research and development, new product introductions, and a talented engineering workforce.

Leistung's modern facility will serve as a highly strategic manufacturing hub for Dover in India and is well positioned to capitalize on robust investments in LNG terminals and natural gas pipeline infrastructure in the country, which are driving sustained demand for cryogenic flow control solutions. The facility has substantial capacity for future operational expansion opportunities.

"This acquisition strengthens our ability to serve the rapidly growing Indian market while expanding our global manufacturing footprint and advancing our capabilities in cryogenic solutions, positioning OPW to deliver greater value to customers worldwide," stated David Malinas, President of OPW.

The transaction is expected to close in the fourth quarter following satisfactory completion of customary closing conditions. The terms of the transaction were not disclosed.

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.

Forward-Looking Statements:

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the anticipated effects of the transaction. All statements in this document other than statements of historical fact are statements that are, or could be deemed, "forward-looking" statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions, and other factors, some of which are beyond the Company's control. Factors that could cause actual results to differ materially from current expectations include, among other things, general economic conditions and conditions in the particular markets in which we operate, changes in customer demand and capital spending, competitive factors and pricing pressures, our ability to develop and launch new products in a cost-effective manner, and our ability to realize synergies from newly acquired businesses. For details on the risks and uncertainties that could cause our results to differ materially from the forward-looking statements that may be contained herein, we refer you to the documents we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available from the SEC, and on our website, www.dovercorporation.com. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

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 (DOV) announce about acquiring Leistung Engineering on August 18, 2026?

Dover announced a definitive agreement to acquire Leistung Engineering, an India-based cryogenic valve manufacturer. According to Dover, Leistung will be integrated into OPW Fluid Transfer Solutions within the Clean Energy & Fueling segment after closing, expanding Dover’s cryogenic offerings and manufacturing footprint in India.

How will Leistung Engineering fit into Dover’s (DOV) business after the acquisition?

Leistung will become part of OPW Fluid Transfer Solutions in Dover’s Clean Energy & Fueling segment. According to Dover, this adds cryogenic valves, diaphragm valves and filtration systems, while creating a strategic manufacturing hub in India to support global customers and regional infrastructure growth.

When is Dover’s acquisition of Leistung expected to close and are there conditions?

The acquisition is expected to close in the fourth quarter, subject to customary closing conditions. According to Dover, completion depends on satisfactory fulfillment of these conditions, and financial terms of the transaction were not disclosed in the announcement.

What products does Leistung contribute to Dover’s cryogenic portfolio (DOV)?

Leistung designs cryogenic globe, check and control valves for LNG, industrial gas and other low-temperature uses. According to Dover, it also supplies diaphragm valves, filtration systems and related products, broadening OPW’s offerings in cryogenic flow control and complementary fluid-handling solutions.

Why is Dover’s acquisition of Leistung important for its India strategy and DOV investors?

The deal gives Dover a modern manufacturing hub in Ahmedabad, India, with significant expansion capacity. According to Dover, this positions OPW to serve demand from LNG terminals and gas pipelines, supporting growth in the rapidly developing Indian cryogenic flow control market.