Stephen Simpson, CFA
Stephen Simpson, CFA
Thu, Jan. 7, 8:22 AM
- Dover (NYSE:DOV) has completed the previously announced acquisition of Tokheim's dispenser and system businesses, which will become part of OPW, a business unit within Dover's Fluids segment.
- The company expects the deal to add ~$0.07 to operating EPS in 2016 and $0.21 to operating EPS in 2017.
- Previously: Dover to buy fuel dispenser business for €425M (Sep. 08 2015)
Sep. 8, 2015, 7:57 AM
- Dover Corp. (NYSE:DOV) agrees to acquire part of French gasoline station equipment provider Tokheim Group's fuel dispenser and systems businesses for €425M ($473.5M) to expand its fluids division.
- Tokheim's sales and service divisions are not a part of the deal and will become a stand-alone company remaining with current owners Motion Equity Partners.
- DOV expects the deal to add ~$0.07 to operating EPS in 2016 and $0.21 to operating EPS in 2017.
Apr. 23, 2015, 5:49 PM
- At least a half-dozen major industrial companies - including GE, Caterpillar (NYSE:CAT) Siemens (OTCPK:SIEGY), Honeywell (NYSE:HON), Dover (NYSE:DOV), Danaher (NYSE:DHR) and Emerson Electric (NYSE:EMR) - are said to be weighing offers for oilfield services assets worth $5B-$10B that Halliburton (NYSE:HAL) is preparing to sell ahead of its pending merger with Baker Hughes (NYSE:BHI), Bloomberg reports.
- HAL reportedly will send offering materials to those companies, as well as P-E firms and rival oilfield services providers, in the coming weeks; first up likely will be the drill bits unit and another that uses data to track and steer the direction of drills.
- These companies could own an edge over oilfield services companies that analysts have pegged as logical bidders for HAL’s castoffs - such as National Oilwell Varco (NYSE:NOV) and Superior Energy Services (NYSE:SPN) - because HAL might not want to give any more market share to companies that already offer the same services, preferring to sell to new players entering the market.
Mar. 26, 2015, 4:43 PM
- RBC Bearings (NASDAQ:ROLL) agrees to acquire Dover's (NYSE:DOV) Sargent Aerospace & Defense business for $500M.
- RBC says Sargent supplies highly engineered products to a customer base it already knows well, and that Sargent's manufacturing processes and design expertise align well with and complement those of RBC.
- RBC estimates EPS accretion of $0.25-$0.35 for the first year of operations as a combined company.
- Shares halted.
Oct. 2, 2014, 8:20 AM
- Dover (NYSE:DOV) has acquired Accelerated Companies, a supplier of artificial lift and fluid handling solutions, for $430M.
- The company expects the acquisition to be approximately $0.03 dilutive to Q4 2014 continuing EPS due to normal transaction-related costs, including purchase accounting amortization.
- In 2015, Accelerated is expected to be $0.05 to $0.06 accretive to continuing EPS.
Aug. 25, 2014, 9:23 AM
Aug. 11, 2014, 9:39 AM
- Dover's (DOV +0.5%) fluid-handling business unit, OPW, has signed a definitive agreement to acquire all outstanding shares of Liquip International, an Australian manufacturer of bulk liquid handling solutions.
- "The acquisition of Liquip is another important step in the global growth strategy of OPW," says OPW President David Crouse. "Liquip significantly strengthens OPW's fluid handling position in Australia and throughout Asia Pacific."
- The transaction is expected to close in the third quarter.
Jul. 2, 2014, 8:39 AM
Dec. 4, 2013, 7:23 AM
- 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)
Sep. 6, 2013, 1:11 PM
- LTX-Credence (LTXC +28%) pays $93.5M to acquire two businesses from Dover Corp. (DOV +0.2%), as it seeks to bolster its share of the semiconductor test cell and expand its access in the electronics-manufacturing industry.
- The electronic-test-equipment company buying Multitest, a maker of test equipment for computer chips, and Everett Charles Technologies, a developer of test products for advanced technology boards.
- The purchase price is broken down into $73.5M in cash plus a $20M promissory note.
- LTXC expects the combined company to have trailing 12-month revenue of about $420M, and the deal is seen immediately accretive to earnings.
Aug. 23, 2013, 3:15 PM
- Pump Solutions Group, a unit of Dover (DOV +0.4%), will acquire Italy-based Finder, a manufacturer of engineered pumps and systems for the global energy market.
- Finder is expected to generate ~$80M in sales this year.
- The deal is expected to close in Q4.
- Terms were not disclosed. (PR)
- DOV's acquisitions program has been "quite active" of late, the company noted on its Q2 call. Acquisitions added 4% to Q2 revenue growth.
Apr. 8, 2013, 3:19 PMGE's "stunning" $3.3B purchase price for Lufkin (LUFK +37.5%) means Weatherford's (WFT +3.5%) similar business could be worth even more, given its size and global scale, Cowen says. Credit Suisse says the deal reflects the increasing importance of artificial-lift technology as firms pursue oil using unconventional methods. Dover (DOV +1.5%), a third company in the sector, also is up. | Apr. 8, 2013, 3:19 PM
Nov. 30, 2012, 12:17 PMDover (DOV -0.5%) acquires Anthony International, a manufacturer of specialty glass, commercial glass refrigerator and freezer doors, lighting systems, and display equipment for $602M. DOV expects the acquisition to be $0.02 dilutive to 2012 EPS and modestly accretive in 2013. | Nov. 30, 2012, 12:17 PM
May 15, 2012, 10:32 AM
Carlyle (CG +0.2%) and TPG are weighing separate $3.5B - $4B bids for United Technology's (UTX +0.6%) pump and compressor units. UTX is selling the pump and compressor businesses of its Hamilton Sundstrand unit to avoid issuing new shares to fund its $16.5B purchase of Goodrich (GR -0.1%). FlowServe (FLS +0.2%) and Dover Corp. (DOV -0.8%) are also said to be mulling over potential bids as well.| May 15, 2012, 10:32 AM
Feb. 13, 2012, 3:39 AM
Dover (DOV) to acquire the Maag Group for undisclosed terms. Maag posted 2011 revenue of ~$170M. Dover expects the purchase to be slightly dilutive to 2012 continuing EPS. (PR)| Feb. 13, 2012, 3:39 AM