Dover to Acquire SIKORA, a Leading Provider of Measuring and Control Technologies
Dover Corporation (NYSE: DOV) has announced a definitive agreement to acquire SIKORA AG for €550 million in cash. SIKORA, a German company founded in 1973, specializes in precision measurement, inspection, and control solutions for various industries including wires, cables, and plastics. The acquisition will integrate SIKORA into Dover's MAAG operating unit within its Pumps & Process Solutions segment.
SIKORA generated approximately €100 million in revenue in 2024 and has maintained double-digit organic growth over the past three years. The company's growth is driven by increasing electrification demands, particularly in high-performance applications like data centers. The transaction is expected to close in Q2 2025, subject to regulatory approvals.
Dover Corporation (NYSE: DOV) ha annunciato un accordo definitivo per acquisire SIKORA AG per 550 milioni di euro in contanti. SIKORA, azienda tedesca fondata nel 1973, è specializzata in soluzioni di misurazione di precisione, ispezione e controllo per diversi settori, tra cui fili, cavi e materie plastiche. L'acquisizione integrerà SIKORA nell'unità operativa MAAG di Dover, all'interno del segmento Pumps & Process Solutions.
SIKORA ha generato circa 100 milioni di euro di ricavi nel 2024 e ha mantenuto una crescita organica a doppia cifra negli ultimi tre anni. La crescita dell'azienda è guidata dalla crescente domanda di elettrificazione, in particolare per applicazioni ad alte prestazioni come i data center. La transazione dovrebbe concludersi nel secondo trimestre del 2025, subordinatamente alle approvazioni normative.
Dover Corporation (NYSE: DOV) ha anunciado un acuerdo definitivo para adquirir SIKORA AG por 550 millones de euros en efectivo. SIKORA, una empresa alemana fundada en 1973, se especializa en soluciones de medición de precisión, inspección y control para diversas industrias, incluyendo cables, alambres y plásticos. La adquisición integrará a SIKORA en la unidad operativa MAAG de Dover dentro del segmento Pumps & Process Solutions.
SIKORA generó aproximadamente 100 millones de euros en ingresos en 2024 y ha mantenido un crecimiento orgánico de dos dígitos durante los últimos tres años. El crecimiento de la compañía está impulsado por la creciente demanda de electrificación, especialmente en aplicaciones de alto rendimiento como los centros de datos. Se espera que la transacción se cierre en el segundo trimestre de 2025, sujeta a aprobaciones regulatorias.
Dover Corporation (NYSE: DOV)가 SIKORA AG를 현금 5억 5천만 유로에 인수하는 최종 계약을 발표했습니다. 1973년에 설립된 독일 기업 SIKORA는 와이어, 케이블, 플라스틱 등 다양한 산업 분야를 위한 정밀 측정, 검사 및 제어 솔루션을 전문으로 합니다. 이번 인수로 SIKORA는 Dover의 Pumps & Process Solutions 부문 내 MAAG 운영 단위에 통합될 예정입니다.
SIKORA는 2024년에 약 1억 유로의 매출을 기록했으며, 지난 3년간 두 자릿수의 유기적 성장률을 유지해 왔습니다. 회사의 성장은 특히 데이터 센터와 같은 고성능 애플리케이션에서 증가하는 전기화 수요에 의해 견인되고 있습니다. 이 거래는 규제 승인에 따라 2025년 2분기에 완료될 예정입니다.
Dover Corporation (NYSE : DOV) a annoncé un accord définitif pour acquérir SIKORA AG pour 550 millions d'euros en espèces. SIKORA, une entreprise allemande fondée en 1973, est spécialisée dans les solutions de mesure de précision, d'inspection et de contrôle pour diverses industries, notamment les fils, câbles et plastiques. L'acquisition intégrera SIKORA dans l'unité opérationnelle MAAG de Dover, au sein du segment Pumps & Process Solutions.
SIKORA a généré environ 100 millions d'euros de chiffre d'affaires en 2024 et a maintenu une croissance organique à deux chiffres au cours des trois dernières années. La croissance de l'entreprise est portée par une demande croissante d'électrification, notamment dans des applications à haute performance comme les centres de données. La transaction devrait être finalisée au deuxième trimestre 2025, sous réserve des approbations réglementaires.
Dover Corporation (NYSE: DOV) hat eine endgültige Vereinbarung zur Übernahme von SIKORA AG für 550 Millionen Euro in bar bekannt gegeben. SIKORA, ein 1973 gegründetes deutsches Unternehmen, spezialisiert sich auf Präzisionsmess-, Inspektions- und Kontrolllösungen für verschiedene Industriezweige, darunter Draht, Kabel und Kunststoffe. Die Übernahme wird SIKORA in die MAAG-Betriebseinheit von Dover im Segment Pumps & Process Solutions integrieren.
SIKORA erzielte im Jahr 2024 einen Umsatz von etwa 100 Millionen Euro und verzeichnete in den letzten drei Jahren ein zweistelliges organisches Wachstum. Das Wachstum des Unternehmens wird durch die steigende Nachfrage nach Elektrifizierung angetrieben, insbesondere bei Hochleistungsanwendungen wie Rechenzentren. Der Abschluss der Transaktion wird für das zweite Quartal 2025 erwartet, vorbehaltlich behördlicher Genehmigungen.
- Strategic acquisition expanding Dover's presence in measurement and control solutions
- SIKORA's double-digit organic growth rate over the last three years
- Strong revenue of €100 million in 2024
- Synergistic opportunities through cross-selling and complementary product portfolio
- Exposure to growing electrification and data center markets
- Significant cash outlay of €550 million for the acquisition
- Subject to regulatory approval risks
- Integration challenges with existing MAAG operations
Insights
Dover's €550M acquisition of SIKORA adds high-growth measurement technology to its portfolio, expanding capabilities in electrification and data center markets.
Dover's acquisition of SIKORA for
The transaction's strategic rationale centers on complementary product portfolios and market expansion. Dover's MAAG unit will gain increased exposure to attractive adjacent markets where they already possess industry knowledge and customer relationships. This creates meaningful cross-selling opportunities that could accelerate growth beyond SIKORA's standalone trajectory.
Particularly noteworthy is SIKORA's positioning in electrification and data center applications—two secular growth trends with robust long-term outlooks. The company's precision measurement and quality control solutions are essential for manufacturers producing components for these high-performance applications where reliability is critical.
From a financial perspective, Dover has indicated the acquisition will be growth and margin accretive, suggesting SIKORA likely operates with attractive profitability metrics. The large installed base mentioned also points to potential recurring revenue streams through service, maintenance, and upgrades—a business model characteristic that Dover typically values in acquisitions.
This transaction aligns with Dover's stated capital deployment strategy of acquiring businesses that complement existing operations while providing enhanced growth opportunities and margin expansion.
SIKORA's measurement technologies strengthen Dover's industrial automation capabilities, creating significant cross-selling opportunities in growing electrification markets.
SIKORA's specialized precision measurement and control technologies represent highly strategic capabilities for Dover's industrial automation portfolio. Founded in 1973, SIKORA has built substantial expertise in quality assurance technologies for critical manufacturing processes across multiple industries.
The technical synergies with Dover's MAAG unit are substantial. While MAAG specializes in polymer processing equipment, SIKORA's measurement and inspection solutions are complementary, enabling Dover to offer more comprehensive production line solutions. This creates an integrated value proposition where Dover can provide both processing equipment and the quality control systems that monitor output.
What makes this acquisition particularly valuable is SIKORA's positioning within the electrification value chain. Their measurement systems for wire, cable, and optical fiber manufacturing are experiencing accelerated demand as data center construction booms globally. These facilities require enormous quantities of high-performance, high-reliability cable and connectivity solutions—all requiring precise quality control during manufacturing.
The technology portfolio acquisition also provides Dover with enhanced capabilities in Industry 4.0 applications. SIKORA's inspection and control systems generate valuable production data that can be integrated into broader manufacturing intelligence systems, potentially enabling Dover to expand its digital offerings.
From an integration perspective, the technological compatibility and customer overlap mentioned in the release suggest lower execution risk than typically seen in cross-industry acquisitions. The complementary nature of the product lines should facilitate relatively straightforward integration of the combined product portfolio.
Founded in 1973 by Harald Sikora and headquartered in
"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 products in resin-related markets, and its offerings provide MAAG with increased exposure to highly-attractive market adjacencies where we have existing industry knowledge and customer relationships. Our shared capabilities and go-to-market overlap will generate material cross-selling benefit with a highly complementary portfolio of products and technologies, deepening our joint value proposition and integration with our OEM partners and end customers."
Dover's President, Chief Executive Officer, and Chairman, Richard J. Tobin, said, "The acquisition of SIKORA aligns with our capital deployment strategy to add highly-synergistic, growth-and-margin accretive businesses within our high-priority platforms. SIKORA's value proposition, attractive market applications, large installed base, and technological offerings have the hallmarks of a Dover business. We are excited to welcome SIKORA's talented workforce and culture of excellence to the Dover family of companies."
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over
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, 2024, 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:
Jack Dickens
Vice President – Investor Relations
(630) 743-2566
jdickens@dovercorp.com
Media Contact:
Adrian Sakowicz
Vice President – Communications
(630) 743-5039
asakowicz@dovercorp.com
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SOURCE Dover
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