Deal Timeline

Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.

$750.0M
Sep 2005
Knowles Electronics
$402.5M
Mar 2010
Harbison-Fischer
$779.3M
Jul 2011
Sound Solutions (NXP)
$265.8M
Jan 2012
Maag Pump Systems
$220.0M
Apr 2012
Production Control Serv…
$603.2M
Oct 2012
Anthony International
$435.7M
Dec 2013
Accelerated Companies (…
$448.7M
Jan 2016
Tokheim dispenser and s…
$792.2M
Dec 2016
Wayne Fueling Systems L…
$32.9M
Apr 2017
Caldera Graphics S.A.S.
$53.2M
Jan 2018
Ettlinger Group
$15.3M
Jan 2018
Rosario Handel B.V.
$175.4M
Jan 2019
Belanger
$40.0M
May 2019
All-Flo Pump Company
$161.8M
Jan 2020
Sys-Tech Solutions, Inc…
$45.5M
Feb 2020
So. Cal. Soft-Pak, Inc.…
$30.4M
Apr 2020
Em-tec GmbH
$18.7M
Aug 2020
Solaris Laser S.A.
$77.0M
Dec 2020
Innovative Control Syst…
$34.1M
Apr 2021
AvaLAN Wireless Systems
$30.1M
Jun 2021
Blue Bite LLC
$23.7M
Jun 2021
Quantex Arc Limited
$29.1M
Jul 2021
CDS Visual
$60.5M
Sep 2021
The Espy Corporation
$27.7M
Oct 2021
LIQAL B.V.
$626.6M
Dec 2021
ECI Holding Company, LL…
$292.3M
Dec 2021
Acme Cryo Intermediate…
$8.1M
May 2022
AMN DPI
$223.5M
Jul 2022
Malema Engineering Corp…
$77.9M
Dec 2022
Witte Pumps & Technolog…
$8.8M
Aug 2023
Arc Pacific group
$526.5M
Dec 2023
FW Murphy Production Co…
$121.9M
Jan 2024
Bulloch Technologies
$48.2M
Jan 2024
Transchem Group
$395.8M
Jul 2024
Marshall Excelsior Comp…
$42.6M
Jul 2024
Demaco Holland B.V.
$14.7M
Aug 2024
Criteria Labs
$11.1M
Aug 2024
SPS Cryogenics B.V. / S…
$34.0M
Dec 2024
Carter Day Internationa…
$28.9M
Jan 2025
Cryogenic Machinery Cor…
$608.5M
Jun 2025
Sikora AG
$16.5M
Jun 2025
ipp Pump Products GmbH
$11.4M
Aug 2025
Site IQ LLC (SIQ)

The Rationale That Repeats.

Three patterns show up across Dover's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.

01
Acquisition criteria
Disciplined serial tuck-ins inside five segments.
Dover compounds through a steady stream of mostly sub-$100M acquisitions that complement and expand existing operations within its Pumps & Process Solutions, Clean Energy & Fueling, Imaging & Identification, Engineered Products and Climate & Sustainability Technologies segments. Each deal is folded into an existing platform rather than run as a standalone unit, which is why most show up only in the 10-K acquisition notes rather than dedicated 8-Ks.
Sikora AGCryogenic Machinery Corp. (Cryo-Mach)ipp Pump Products GmbHSite IQ LLC (SIQ)Marshall Excelsior Company (MEC)
02
Capital deployment
Platform builds in fueling, cryogenics and pumps.
Periodically Dover writes a larger check to anchor or scale a platform: Wayne Fueling ($792M) and Tokheim ($449M) built the retail fueling franchise; RegO ($627M), Acme Cryogenics ($292M) and a string of cryo tuck-ins built a cryogenic-gas components platform; FW Murphy ($526M) and MEC ($396M) deepened gas-handling and compression controls. These larger deals set the direction that the subsequent tuck-ins extend.
Sikora AGCryogenic Machinery Corp. (Cryo-Mach)ipp Pump Products GmbHSite IQ LLC (SIQ)Marshall Excelsior Company (MEC)
03
Integration approach
Buying software and digital onto industrial hardware.
A recurring thread is acquiring software and digital capability to layer onto the hardware franchises: Systech, Blue Bite and Solaris in product traceability and brand protection; Bulloch, AvaLAN, ICS and Site IQ in retail-fueling payments, controls and IoT monitoring; CDS Visual in 3D industrial visualization. The pattern shifts Dover toward higher-margin, recurring digital revenue around its installed base.
Sikora AGCryogenic Machinery Corp. (Cryo-Mach)ipp Pump Products GmbHSite IQ LLC (SIQ)Marshall Excelsior Company (MEC)

The Full Deal Book

43 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.

01 Sikora AG · Germany $608.5M
Announced Jun 2025 Closed Jun 2025 all cash

Sikora AG is a provider of precision measurement, inspection and control solutions for production processes in the wires and cables, hoses, optical fibers and plastic industries. Dover acquired 99.8 percent of the equity interest, net of cash acquired.

02 Cryogenic Machinery Corp. (Cryo-Mach) $28.9M
Announced Jan 2025 Closed Jan 2025 all cash

Cryogenic Machinery Corp. (Cryo-Mach) is a provider of cryogenic centrifugal pumps, mechanical seals and accessories. Total consideration of $28.9 million, net of cash acquired.

03 ipp Pump Products GmbH · Germany $16.5M
Announced Jun 2025 Closed Jun 2025 all cash

ipp Pump Products GmbH is a specialized manufacturer of sanitary pump technologies, including hygienic lobe, progressive cavity and other processing equipment.

04 Site IQ LLC (SIQ) $11.4M
Announced Aug 2025 Closed Aug 2025 all cash

Site IQ LLC (SIQ) is an industrial internet-of-things company focused on remote monitoring of fueling sites. Total consideration of $11.4 million, net of cash acquired and inclusive of contingent consideration.

05 Marshall Excelsior Company (MEC) $395.8M
Announced Jul 2024 Closed Jul 2024 all cash

The Marshall Excelsior Company (MEC) is a supplier of highly-engineered flow control components for transportation, storage and use in liquefied petroleum gas and other industrial gases. Acquired 100 percent of the equity interests for $395.8 million, net of cash acquired.

06 Bulloch Technologies, Inc. · Canada $121.9M
Announced Jan 2024 Closed Jan 2024 all cash

Bulloch Technologies, Inc. is a provider of point-of-sale (POS), forecourt controller and electronic payment server solutions to the convenience retail industry. Acquired 100 percent of the equity interests for $121.9 million, net of cash acquired and inclusive of contingent consideration.

07 Transchem Group · Canada $48.2M
Announced Jan 2024 Closed Jan 2024 all cash

The Transchem Group is a supplier of car wash chemicals and associated solutions. Acquired 100 percent of the equity interests for $48.2 million, net of cash acquired and inclusive of contingent consideration.

08 Demaco Holland B.V. · Netherlands $42.6M
Announced Jul 2024 Closed Jul 2024 all cash

Demaco Holland B.V. is a provider of critical flow control components for cryogenic applications used in a wide range of end markets. Acquired 100 percent of the equity interests for $42.6 million, net of cash acquired and inclusive of contingent consideration.

09 Carter Day International petrochemical assets $34.0M
Announced Dec 2024 Closed Dec 2024 asset purchase

Dover acquired certain assets from Carter Day International, Inc.'s petrochemical division for $34.0 million, inclusive of contingent consideration. The assets expand the Company's pelletizing-system portfolio of dewatering and drying equipment.

10 Criteria Labs, Inc. $14.7M
Announced Aug 2024 Closed Aug 2024 all cash

Criteria Labs, Inc. is a provider of radio frequency devices and microelectronic engineering solutions tailored for high-reliability applications. Acquired 100 percent of the equity interest for $14.7 million, net of cash acquired and inclusive of contingent consideration.

11 SPS Cryogenics B.V. / Special Gas Systems B.V. · Netherlands $11.1M
Announced Aug 2024 Closed Aug 2024 all cash

SPS Cryogenics B.V. and Special Gas Systems B.V. (SPS Cryogenics) is a designer, manufacturer and supplier of vacuum-insulated piping systems for a wide variety of liquefied gases. Acquired 100 percent of the equity interest for $11.1 million, net of cash acquired.

12 FW Murphy Production Controls $526.5M
Announced Dec 2023 Closed Dec 2023 asset purchase

The FW Murphy Production Controls business is a provider of control and optimization solutions for the reciprocating compression industry. Acquired 100 percent of the assets and assumed certain liabilities for $526.5 million. Strengthens Dover's position in compression technologies.

13 Arc Pacific group $8.8M
Announced Aug 2023 Closed Aug 2023 all cash

The Arc Pacific group is a global supplier of can washers, dry-off, pin and internal bake ovens for the metal packaging industry. Acquired 100 percent of the equity interest for $8.8 million, net of cash acquired and inclusive of contingent consideration.

14 Malema Engineering Corporation $223.5M
Announced Jul 2022 Closed Jul 2022 all cash

Malema Engineering Corporation and its related foreign entities (Malema) is a designer and manufacturer of flow measurement and control instruments serving customers in the biopharmaceutical, semiconductor and industrial sectors. Acquired 99.7 percent of the equity interests for $223.5 million, net of cash acquired.

15 Witte Pumps & Technology GmbH · Germany $77.9M
Announced Dec 2022 Closed Dec 2022 all cash

Witte Pumps & Technology GmbH (Witte) is a manufacturer of precision gear pumps. Acquired 100 percent of the equity interests for $77.9 million, net of cash acquired. Expands Dover's reach into gear pump manufacturing and associated spare parts and services for the chemical, plastics and polymer processing industries.

16 AMN DPI $8.1M
Announced May 2022 Closed May 2022 all cash

AMN DPI (AMN) is a designer and manufacturer of polymer pelletizing tools. Acquired 100 percent of the equity interests for $8.1 million, net of cash acquired. Extends the Company's reach into polymer processing equipment production.

17 ECI Holding Company, LLC (RegO) $626.6M
Announced Dec 2021 Closed Dec 2021 all cash

ECI Holding Company, LLC (RegO) is a provider of highly-engineered components and services that facilitate the production, storage and distribution of cryogenic gases. Acquired 100 percent of the voting stock for $626.6 million, net of cash acquired.

18 Acme Cryo Intermediate Inc. (Acme Cryogenics) $292.3M
Announced Dec 2021 Closed Dec 2021 all cash

Acme Cryo Intermediate Inc. (Acme Cryogenics) is a provider of highly-engineered components and services that facilitate the production, storage and distribution of cryogenic gases. Acquired 100 percent of the voting stock for $292.3 million, net of cash acquired.

19 The Espy Corporation $60.5M
Announced Sep 2021 Closed Sep 2021 all cash

The Espy Corporation (Espy) is a manufacturer of advanced electronic radio frequency sensor systems. Acquired 100 percent of the voting stock for $60.5 million, net of cash acquired. Strengthens the Company's offering of complete signal intelligence systems with integrated software.

20 AvaLAN Wireless Systems, Inc. $34.1M
Announced Apr 2021 Closed Apr 2021 all cash

AvaLAN Wireless Systems Incorporated (AvaLAN) is a provider of secure wireless communications solutions for the convenience and fuel retail industry. Acquired 100 percent of the voting stock for $34.1 million, net of cash acquired.

21 Blue Bite LLC $30.1M
Announced Jun 2021 Closed Jun 2021 all cash

Blue Bite LLC (Blue Bite) is a provider of consumer engagement and brand protection software solutions. Acquired 100 percent of the voting stock for $30.1 million, net of cash acquired and including contingent consideration. Strengthens the Company's offering of product traceability and authentication solutions.

22 CDS Visual, Inc. $29.1M
Announced Jul 2021 Closed Jul 2021 all cash

CDS Visual, Inc. (CDS Visual) is a provider of 3D visualization solutions tailored for industrial applications. Acquired 100 percent of the voting stock for $29.1 million, net of cash acquired. Extends the Company's reach of customer-facing digital capabilities.

23 LIQAL B.V. · Netherlands $27.7M
Announced Oct 2021 Closed Oct 2021 all cash

LIQAL B.V. (LIQAL) is a turnkey supplier of LNG, hydrogen refueling equipment and solutions, and micro liquefaction solutions. Acquired 100 percent of the voting stock for $27.7 million, net of cash acquired and including contingent consideration. Strengthens the Company's offering of LNG and hydrogen products.

24 Quantex Arc Limited · United Kingdom $23.7M
Announced Jun 2021 Closed Jun 2021 all cash

Quantex Arc Limited (Quantex) is a provider of single-use, recyclable pumps. Acquired 100 percent of the voting stock for $23.7 million, net of cash acquired and including contingent consideration. Enhances the offering of single-use pumps for biopharma and other hygienic applications.

25 Sys-Tech Solutions, Inc. (Systech) $161.8M
Announced Jan 2020 Closed Jan 2020 all cash

Sys-Tech Solutions, Inc. (Systech) is a provider of product traceability, regulatory compliance and brand-protection software and solutions to pharmaceutical and consumer products manufacturers. Acquired 100 percent of the voting stock for $161.8 million, net of cash acquired.

26 So. Cal. Soft-Pak, Inc. (Soft-Pak) $45.5M
Announced Feb 2020 Closed Feb 2020 all cash

So. Cal. Soft-Pak, Incorporated (Soft-Pak) is a specialized provider of integrated back office, route management and customer relationship management software solutions to the waste and recycling fleet industry. Acquired 100 percent of the voting stock for $45.5 million, net of cash acquired.

27 Em-tec GmbH · Germany $30.4M
Announced Apr 2020 Closed Apr 2020 all cash

Em-tec GmbH (Em-tec) is a designer and manufacturer of flow measurement devices serving a wide array of medical and biopharmaceutical applications. Acquired 100 percent of the voting stock for $30.4 million, net of cash acquired. Expands the Company's reach into biopharma and other hygienic applications.

28 Solaris Laser S.A. · Poland $18.7M
Announced Aug 2020 Closed Aug 2020 all cash

Solaris Laser S.A. (Solaris) is a global manufacturer of product identification and traceability solutions. Acquired 100 percent of the voting stock for $18.7 million, net of cash acquired. Enhances the segment's growing laser technology product line.

29 Innovative Control Systems, Inc. (ICS) $77.0M
Announced Dec 2020 Closed Dec 2020 all cash

Innovative Control Systems, Inc. (ICS) is a provider of car wash controllers, payment terminals, point-of-sale and wash site management software solutions. Acquired 100 percent of the voting stock for $77.0 million, net of cash acquired. Enhances the segment's participation in the car wash market.

30 Belanger, Inc. $175.4M
Announced Jan 2019 Closed Jan 2019 asset purchase

Belanger, Inc. (Belanger) is a full-line car wash equipment manufacturer. Acquired the assets for $175.4 million, net of cash acquired. Strengthens Dover's position in the vehicle wash business.

31 All-Flo Pump Company $40.0M
Announced May 2019 Closed May 2019 asset purchase

The All-Flo Pump Company, Limited business (All-Flo) is a growing manufacturer of specialty pumps. Acquired the assets for total consideration of $40.0 million. Strengthens Dover's position in the growing market for air-operated double-diaphragm pumps.

32 Ettlinger Group · Germany $53.2M
Announced Jan 2018 Closed Jan 2018 all cash

Ettlinger Group (Ettlinger) was acquired for $53.2 million, net of cash acquired, within the Pumps & Process Solutions segment (polymer processing / melt filtration).

33 Rosario Handel B.V. · Netherlands $15.3M
Announced Jan 2018 Closed Jan 2018 all cash

Rosario Handel B.V. (Rosario) was acquired for total consideration of $15.3 million, net of cash acquired, within the Refrigeration & Food Equipment segment.

34 Caldera Graphics S.A.S. · France $32.9M
Announced Apr 2017 Closed Apr 2017 all cash

Caldera Graphics S.A.S. (Caldera) was acquired for $32.9 million, net of cash acquired and including contingent consideration. Caldera provides RIP and workflow software for large-format digital printing.

35 Wayne Fueling Systems Ltd. $792.2M
Announced Dec 2016 Closed Dec 2016 all cash

Wayne Fueling Systems Ltd. is a provider of fuel dispensing, payment systems and monitoring and optimization software. Acquired for approximately $792.2 million, net of cash acquired.

36 Tokheim dispenser and systems businesses · France $448.7M
Announced Jan 2016 Closed Jan 2016 all cash

The dispenser and systems businesses of Tokheim Group S.A.S. (Tokheim) were acquired for a purchase price of approximately EUR 411.3 million, or $448.7 million. Integrated within the Fluids segment to provide a comprehensive fuel dispensing offering.

37 Accelerated Companies (MS Process Systems) $435.7M
Announced Dec 2013 Closed Dec 2013 all cash

Accelerated Companies is an integrated provider of equipment, parts and services for handling fluids associated with oil and gas production and processing. Acquired for approximately $435.7 million.

38 Anthony International $603.2M
Announced Oct 2012 Closed Oct 2012 all cash

Anthony International was acquired for a total purchase price of $603.2 million, net of cash acquired, for Dover's Refrigeration & Industrial platform. Anthony is a leader in glass refrigeration display doors and lighting systems.

39 Production Control Services (PCS) $220.0M
Announced Apr 2012 Closed Apr 2012 combination

Production Control Services (PCS) was acquired in the second quarter of 2012 for consideration totaling $220.0 million, adding to Dover's artificial lift technology in the Energy segment. A portion was funded by Dover stock valued at $101 million.

40 Maag Pump Systems · Switzerland $265.8M
Announced Jan 2012 Closed Jan 2012 all cash

Maag Pump Systems, a European acquisition for Dover's Fluid Solutions platform, was acquired in the first quarter of 2012 for approximately $265.8 million. Maag makes precision gear pumps and pelletizing systems for polymer processing.

41 Sound Solutions (NXP) $779.3M
Announced Dec 2010 Closed Jul 2011 all cash

The Sound Solutions business of NXP Semiconductors N.V. was acquired (announced December 22, 2010; closed July 2011) for net purchase consideration of approximately $779.3 million. By enhancing product offerings for the high-growth handset market, the acquisition expanded Dover's Communication Technologies (Knowles) microphone business.

42 Harbison-Fischer, Inc. $402.5M
Announced Mar 2010 Closed Mar 2010 all cash

Harbison-Fischer, Inc. is a Texas-based designer and manufacturer of down-hole rod pumps and related products. Acquired for $402.5 million, subject to normal closing adjustments.

43 Knowles Electronics Holdings, Inc. $750.0M
Announced Aug 2005 Closed Sep 2005 all cash

Knowles Electronics Holdings, Inc. is a manufacturer of advanced micro-acoustic component products for the hearing aid and consumer electronics industries. Dover, through Dover Electronics, agreed to acquire all outstanding shares (announced August 2005; closed September 27, 2005). Knowles became Dover's micro-acoustics platform.

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