Dover Divests DESTACO Business Unit For $680M To Focus On Its Core Platforms
Dover Divests DESTACO Business Unit For $680M To Focus On Its Core Platforms
Industrial products maker Dover Corp (NYSE:DOV) has entered into a definitive agreement to sell its De-Sta-Co business (DESTACO), which is part of its Engineered Products segment, to Stabilus SE (OTC:SIUAF). The enterprise value of the deal totals $680 million.
工業產品製造商 多佛公司 紐約證券交易所代碼：DOV）已簽訂最終協議，將其作爲其工程產品板塊一部分的De-Sta-Co業務（DESTACO）出售給 Stabilus SE （場外交易代碼：SIUAF）。該交易的企業價值總額爲6.8億美元。
DESTACO designs, manufactures, and markets workholding and automation components for industrial automation applications. It was acquired by Dover in 1962. In 2022, DESTACO generated revenues of $213 million.
DESTACO 設計、製造和銷售用於工業自動化應用的工件夾具和自動化組件。它於 1962 年被多佛收購。2022年，DESTACO創造了2.13億美元的收入。
"This transaction will allow Dover to concentrate our efforts and capital deployment on growing our core platforms, while DESTACO will benefit from Stabilus' focus on industrial automation and strong go-to-market channel in industrial and automotive applications," said President and CEO Richard J. Tobin.
總裁兼首席執行官Richard J. Tobin表示：“這筆交易將使多佛能夠將精力和資本部署集中在發展我們的核心平台上，而DESTACO將受益於斯泰必魯斯對工業自動化的關注以及工業和汽車應用中強大的市場渠道。”
The transaction is expected to close in the first half of 2024.
該交易預計將於2024年上半年完成。
Also Read: Dover Acquires FW Murphy For $530M, Expects Deal To Boost Margin
另請閱讀: 都福以5.3億美元收購FW Murphy，預計交易將提高利潤率
Price Action: DOV shares closed higher by 0.82% at $142.18 on Wednesday.
價格走勢: 週三，DOV股價收盤上漲0.82％，至142.18美元。
譯文內容由第三人軟體翻譯。