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DOWNERS GROVE, Ill. - Vehicle Service Group (VSG), a Dover (NYSE:DOV) company, announced Wednesday the introduction of its new SPOA40AV electro-hydraulic 2-post lift designed for automotive service facilities. Dover, with a market capitalization of $24.62 billion, has maintained a strong financial position with a "GOOD" overall health score according to InvestingPro data.
The new model features patent-pending AV (all vehicles) arms that extend 20% longer and retract shorter than previous versions, allowing technicians to service a wide range of vehicles from compact cars to long-wheelbase vans.
According to the company, the lift incorporates design elements to accommodate both internal combustion engine and electric vehicles. The low, adjustable adapter height enables access to manufacturer-specified lifting points on electric, luxury, and monocoque vehicles.
"Rotary SPOA40AV pairs energy-efficient electro-hydraulic operation with patent-pending AV arms," said Fabrizio Grimoldi, VP Commercial and Engineering at VSG EMEA, in a press release statement.
The product includes safety features such as a top limit switch and automatic arm locks. Its dual control panels are designed to simplify operation in busy service environments.
The SPOA40AV joins VSG's Rotary Solutions product line, which includes vehicle lifting equipment, wheel service, diagnostics, and alignment tools. The company states the new lift's double S-profile columns and increased contact surface with trolleys provide stability while minimizing space requirements.
Vehicle Service Group operates as part of Dover Corporation's Engineered Products segment. Dover reported annual revenue of $7.92 billion and employs approximately 24,000 people globally. The company has demonstrated strong financial discipline, maintaining dividend payments for 55 consecutive years with a current yield of 1.16%. InvestingPro analysis suggests Dover is currently trading slightly below its Fair Value, with a favorable PEG ratio of 0.51 indicating potential undervaluation relative to growth. Investors seeking deeper insights can access Dover's comprehensive Pro Research Report, one of 1,400+ detailed analyses available exclusively to subscribers.
In other recent news, Dover Corporation reported its third-quarter 2025 earnings with an earnings per share (EPS) of $2.62, surpassing the anticipated $2.51, marking a 4.38% surprise. However, the company’s revenue slightly missed expectations, coming in at $2.08 billion compared to the forecasted $2.11 billion. In addition, Dover Corporation announced a $500 million accelerated share repurchase program in partnership with JPMorgan Chase Bank, authorized by its board in August 2023. The company expects to receive approximately 2,334,010 shares as part of this program. Furthermore, Dover declared a regular quarterly cash dividend of $0.52 per share, payable on December 15, 2025, to shareholders of record as of November 28, 2025. RBC Capital raised its price target for Dover to $198.00, citing margin strength, while maintaining a Sector Perform rating. Separately, Duravant LLC announced that Jill Evanko will succeed Mike Kachmer as CEO, effective January 5, 2026, as Kachmer plans his retirement.
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