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.
工业产品制造商多佛公司(纽约证券交易所股票代码：DOV)已达成最终协议，将其工程产品部门的de-Sta-Co业务(DESTACO)出售给马蹄莲SE(场外交易：SIUAF)。这笔交易的企业价值总计6.8亿美元。
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设计、制造和营销用于工业自动化应用的工作夹具和自动化组件。它于1962年被多佛收购。2022年，DESTACO创造了2.13亿美元的收入。
"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.
总裁和首席执行官理查德·J·托宾表示：“这笔交易将使多佛公司能够将我们的努力和资本部署集中在发展我们的核心平台上，而德施塔科将受益于稳定公司对工业自动化的关注以及工业和汽车应用领域强大的上市渠道。”
The transaction is expected to close in the first half of 2024.
这笔交易预计将在2024年上半年完成。
Also Read: Dover Acquires FW Murphy For $530M, Expects Deal To Boost Margin
也请阅读：多佛以5.3亿美元收购FW Murphy，预计交易将提振利润率
Price Action: DOV shares closed higher by 0.82% at $142.18 on Wednesday.
价格行动：DOV股价周三收盘上涨0.82%，至142.18美元。