Seeking Alpha

Dover offloads another unit in deal worth up to $200M

  • Dover (DOV) has agreed to sell its Zurich-bsaed DEK Printing Machines unit to Hong Kong listed ASM Pacific Technology (ASMVF) for an initial $170M and another contingent payment of $30M.
  • DEK provides materials deposition technologies and support services, including printing-equipment platforms, stencils, precision screens and mass imaging processes used primarily in the electronics industry.
  • The deal, which is expected to close in mid-2014, is the latest in a series of transactions that Dover has been carrying out. Others include the spin-off of the company's Knowles unit and the sale of two business lines to LTX-Creedence. (PR)
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