Dover acquires Sikora in strategic expansion move

DOWNERS GROVE, Ill. - Dover Corporation (NYSE:DOV), a diversified global manufacturer with a market capitalization of $23.76 billion, announced Monday its definitive agreement to acquire SIKORA AG, a German-based technology company, for €550 million in cash. The transaction is expected to close in the second quarter of 2025, pending regulatory approvals. According to InvestingPro data, Dover maintains a healthy current ratio of 2.13, indicating strong financial capability to execute this acquisition.

SIKORA, established in 1973 and headquartered in Bremen, Germany, specializes in precision measurement and control solutions for various production processes. Its technologies are vital for ensuring quality and efficiency in the production of wires, cables, hoses, and optical fibers, among other products. The company’s relevance is increasing alongside the global shift toward electrification, particularly in high-performance sectors like data centers. SIKORA’s recent financials show a double-digit organic growth rate and revenues of approximately €100 million in 2024. InvestingPro analysis reveals Dover’s strong financial foundation, with a gross profit margin of 39.28% and annual revenue of $7.73 billion, providing a solid base for this strategic acquisition.

Upon completion of the acquisition, SIKORA will become part of Dover’s MAAG operating unit within its Pumps & Process Solutions segment. Ueli Thuerig, President of MAAG, expressed that SIKORA’s product portfolio complements MAAG’s offerings and will enhance their market position through cross-selling opportunities and deeper integration with OEM partners and customers.

Dover’s President and CEO, Richard J. Tobin, remarked that SIKORA’s acquisition fits Dover’s strategy of adding businesses that align with their high-priority platforms and contribute to growth and margin. Tobin also welcomed the anticipated integration of SIKORA’s skilled workforce and their culture of excellence into Dover.

Dover, with annual revenues over $7 billion, operates across various sectors, providing equipment, components, digital solutions, and services. Celebrating over 70 years of business, Dover emphasizes its entrepreneurial culture and global reach, with approximately 24,000 employees worldwide. The company has maintained dividend payments for 54 consecutive years, demonstrating remarkable financial stability. InvestingPro subscribers can access detailed analysis and 8 additional ProTips about Dover’s financial health and market position.

This acquisition announcement includes forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ from expected outcomes. The company advises referring to its SEC filings for more detailed risk factors. Based on InvestingPro’s Fair Value analysis, Dover currently appears to be trading near its Fair Value. For comprehensive insights, investors can access Dover’s detailed Pro Research Report, part of InvestingPro’s coverage of over 1,400 US equities.

The information for this article is based on a press release statement.

In other recent news, Dover Corporation reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $2.05, compared to the forecasted $1.99. Despite a slight revenue miss, with actual revenue at $1.87 billion against the anticipated $1.88 billion, the company’s strong performance in clean energy and data center cooling segments highlighted its operational resilience. Goldman Sachs maintained a Buy rating on Dover, with a $199 price target, following Dover’s earnings announcement. The firm’s analysis noted Dover’s adjusted segment EBIT was 6% higher than expected, attributed to stronger results in specific segments. Dover has adjusted its FY25 earnings per share guidance to $9.20 to $9.40, down from the previous $9.30 to $9.50, reflecting an anticipated organic growth of 2% to 4%. The company is also facing $215 million in annualized costs due to tariffs, impacting its Vehicle Services Group the most. Dover plans to mitigate these costs through price increases and supplier negotiations. Despite these challenges, Goldman Sachs slightly reduced its EPS estimates for the coming years by $0.05 per year, indicating a cautious but supportive stance on Dover’s financial outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.