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

|About: Dover Corp (DOV)|By:, SA News Editor

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)