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(紐約證券交易所股票代碼：DOV)已達成最終協定，將其工程產品部門的de-Sta-Co業務(DESTACO)出售給馬蹄蓮SE(場外交易：SIUAF)。這筆交易的企業價值總計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、製造和營銷用於工業自動化應用的工作夾具和自動化元件。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.
總裁和首席執行官理查德·J·託賓表示：“這筆交易將使多佛公司能夠將我們的努力和資本部署集中在發展我們的核心平臺上，而德施塔科將受益於穩定公司對工業自動化的關注以及工業和汽車應用領域強大的上市渠道。”
The transaction is expected to close in the first half of 2024.
這筆交易預計將在2024年上半年完成。
Also Read: Dover Acquires FW Murphy For $530M, Expects Deal To Boost Margin
也請閱讀：多佛以5.3億美元收購FW Murphy，預計交易將提振利潤率
Price Action: DOV shares closed higher by 0.82% at $142.18 on Wednesday.
價格行動：DOV股價週三收盤上漲0.82%，至142.18美元。