Dover fueling solutions expands global partnership with Bottomline

DOWNERS GROVE, Ill. - Dover Fueling Solutions (DFS), a part of Dover (NYSE:DOV), announced on Tuesday a global expansion of its partnership with Bottomline to offer the BX platform supply chain optimization solution to fuel retailers worldwide. Dover, currently valued at $25.7 billion, has demonstrated strong financial stability with an impressive track record of raising dividends for 54 consecutive years, according to InvestingPro data.

The partnership, which has been operating in Europe since 2023, will now extend to other global markets. The BX platform enables fuel retailers to plan, monitor, and reconcile deliveries from depot to tank, using algorithms that detect operational issues in real time, optimize routes, and forecast inventories.

According to the company’s press release, the solution integrates with DFS’s ProGauge Automatic Tank Gauge consoles and the DX Wetstock platform to provide inventory control capabilities.

"This partnership brings a cutting-edge supply chain optimization solution to customers on a global scale," said Jeroen Van Pelt, Sales Director at DFS. "With the ability to plan, control and monitor the supply chain, retailers can reduce costs while ensuring efficiency from depot to tank." This strategic move aligns with Dover’s strong market performance, as evidenced by its robust gross profit margin of 39.3% and return on equity of 17%, based on InvestingPro data.

Léon van Rijswijk, CEO of Bottomline, stated that DFS’s global sales network, including regional teams and local distributors, would help expand the reach of the BX platform.

Dover Fueling Solutions provides energy dispensing equipment, automation systems, point-of-sale solutions, and tank gauging services to fueling and convenience retail customers. The company is headquartered in Austin, Texas, with facilities across North America, Europe, and Asia.

Dover, the parent company, is a diversified manufacturer generating $7.7 billion in revenue over the last twelve months and approximately 24,000 employees globally. The company maintains a healthy financial position with a current ratio of 2.13 and operates with moderate debt levels. InvestingPro analysis reveals 10+ additional key insights about Dover’s financial health and market position, available in the comprehensive Pro Research Report.

In other recent news, Dover Corporation has completed its acquisition of SIKORA AG, a German-based technology company specializing in precision measurement and control solutions, for €550 million in cash. This acquisition will integrate SIKORA into Dover’s MAAG operating unit within its Pumps & Process Solutions segment. Additionally, Dover has acquired ipp Pump Products GmbH, a German manufacturer of sanitary pump technologies, further expanding its Pump Solutions Group business unit. Financial terms for the ipp acquisition were not disclosed.

Analysts have been active in their assessments of Dover. Mizuho raised its price target to $225, citing a derisked outlook for 2025 and ongoing strategic investments, while maintaining an Outperform rating. Goldman Sachs reiterated its Buy rating with a $199 price target, noting Dover’s first-quarter earnings surpassed expectations in certain segments. However, Dover adjusted its FY25 earnings per share guidance to $9.20 to $9.40, down from $9.30 to $9.50, due to economic challenges and tariff costs.

Despite these challenges, Dover’s strategic acquisitions and adjustments in its earnings guidance reflect a cautious approach to growth. The company’s efforts in mergers and acquisitions, as highlighted by analysts, are seen as part of a measured strategy to enhance its portfolio and market position. Dover’s ongoing portfolio reshaping is expected to continue, aiming to reduce business complexity and improve operational efficiency.

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