Dover acquires German pump manufacturer ipp for undisclosed sum

DOWNERS GROVE, Ill. - Dover Corporation (NYSE:DOV), a financially healthy company with a market capitalization of $24 billion and strong liquidity metrics according to InvestingPro, has acquired ipp Pump Products GmbH, a German manufacturer of sanitary pump technologies, according to a press release statement issued Wednesday.

The Bersenbrück-based company will join Dover’s Pump Solutions Group business unit within its Pumps & Process Solutions segment. Financial terms of the transaction were not disclosed.

Ipp specializes in manufacturing hygienic lobe and progressive pumps, along with other processing equipment for applications in food and beverage, cosmetics, pharmaceuticals, and other industries requiring sanitary standards.

Karl Buscher, President of PSG, said the acquisition adds complementary technologies to PSG’s pump portfolio to serve customers across various strategic end markets.

Dover, headquartered in Illinois, is a diversified global manufacturer with annual revenue exceeding $7 billion. The company operates through five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies.

The company employs approximately 24,000 people globally and trades on the New York Stock Exchange under the ticker DOV.

In other recent news, Dover Corporation reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an adjusted earnings per share (EPS) of $2.05, surpassing the projected $1.99. Despite a minor revenue shortfall, with earnings of $1.87 billion against the anticipated $1.88 billion, the company’s strategic direction and operational resilience have maintained investor confidence. Additionally, Dover has completed the acquisition of SIKORA AG, which will be integrated into its MAAG operating unit within the Pumps & Process Solutions segment. No financial details of the acquisition were disclosed, but the transaction aligns with Dover’s strategy to enhance its portfolio.

Analysts have been active in assessing Dover’s prospects, with Mizuho raising its price target to $225.00 from $215.00, maintaining an Outperform rating. The firm cited Dover’s derisked 2025 guide and portfolio improvements through mergers and acquisitions as key factors. Meanwhile, Goldman Sachs reiterated a Buy rating with a $199.00 price target, noting Dover’s adjusted segment EBIT was 6% higher than anticipated, driven by strong performances in the DPPS and DCEF segments. However, Dover has revised its adjusted FY25 EPS guidance to $9.20 to $9.40, down from the previous range of $9.30 to $9.50, due to tariff impacts and a slight decrease in organic growth expectations. The company plans to counter these challenges with price increases and strategic adjustments.

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