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Dover announces acquisition of Solaris Laser S.A.

Date Announced: 27 Aug 2020

Expands Laser Technology Offerings of Marking and Coding Solutions Business.

Downers Grove, III., -- Dover (NYSE: DOV) has announced that it has completed the acquisition of Solaris Laser S.A. ("Solaris"), which is now part of the Markem-Imaje business unit, a trusted global manufacturer of product identification and traceability solutions within Dover's Imaging & Identification segment.

Based in Europe, Solaris supplies advanced fiber, ultraviolet and CO2 laser systems used for product marking and coding in industrial and packaging applications across a broad range of end markets. Solaris has served the marking and coding industry for over 25 years.

The acquisition of Solaris enhances Markem-Imaje's laser technology product line and further strengthens its position as a leading provider of identification and traceability equipment and solutions. This product line expansion will enable Markem-Imaje to better address growing customer demand for laser coding technologies, which offer reliability and productivity advantages that are important in certain applications.

Terms of the transaction were not disclosed. This transaction meets Dover's strategic and financial criteria for acquisitions and reflects Dover's commitment to deploying capital in close-to-core markets that offer potential for sustainable, profitable growth, where Dover can create value for shareholders.

About Dover

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment.

Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 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.

About Markem-Imaje

Markem-Imaje, a wholly owned subsidiary of Dover, is a trusted manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit markem-imaje.com for further information.

Contact


Investor Contact
Andrey Galiuk 
Vice President, Corporate Development
Tel. +1 (630) 743-5039
agaliuk@dovercorp.com
 
Media Contact:
Adrian Sakowicz
Vice President, Communications
and Investor Relations 
Tel. +1  (630) 743-5131
asakowicz@dovercorp.com

E-mail: agaliuk@dovercorp.com

Web Site: www.dovercorp.com

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