Dover Corporation acquired Sys-Tech Solutions, Inc. (Systech) for $161.8 million, a transaction completed in January 2020, structured as all cash.
Sys-Tech Solutions, Inc. (Systech) operates in Imaging & Identification. 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.
Systech strengthens Dover's product traceability, serialization and brand-protection software portfolio.
Imaging & Identification
Advisory firms were not disclosed for this transaction.