Dover logo

DOV WI - Dover News Story

$75.78 1.5  2.0%

Last Trade - 08/05/18

Sector
Industrials
Size
Large Cap
Market Cap £14.99bn
Enterprise Value £16.79bn
Revenue £4.91bn
Position in Universe th / 6856

Dover Corporation: Dover Acquires Caldera Graphics

Wed 5th April, 2017 9:03pm
Dover Corporation: Dover Acquires Caldera Graphics

DOVER ACQUIRES CALDERA GRAPHICS

Downers Grove, IL, April 5, 2017 - Dover (NYSE: DOV) announced today that it has acquired Caldera Graphics SAS ("Caldera") for total consideration of approximately EUR 35 million, including an amount related to achieving certain performance metrics. Based in Strasbourg, France, Caldera is a software company with 25 years of experience in developing, marketing and supporting high-quality technical software for the digital printing industry, with a commitment to increasing productivity, cost-efficiency and color output. Caldera's unique capabilities and solutions around image processing, color management and workflow serve the global textile and graphics markets. Caldera will operate within Dover's Printing and Identification platform, alongside MS Printing Solutions ("MS") and the JK Group serving the global digital textile printing market. Caldera's annual revenue was approximately EUR 11 million in 2016.

Robert A. Livingston, Dover's President and Chief Executive Officer said, "We are pleased to have Caldera join Dover as we extend our already strong position in digital textile printing, which began with the acquisition of MS and recent purchase of the JK Group. Moreover, this transaction, following our recent AWTI and Fairbanks acquisitions, demonstrates our desire and commitment to grow our software and service offerings as we continue to deliver expanded differentiated solutions to our customers."

About Dover:

Dover is a diversified global manufacturer with annual revenue exceeding $7 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through four operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of 29,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

Investor Contact:
Paul Goldberg
Vice President - Investor Relations
(212) 922-1640
peg@dovercorp.com

Media Contact:
Adrian Sakowicz
Vice President - Communications
(630) 743-5039
asakowicz@dovercorp.com





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Dover Corporation via Globenewswire

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.