Dover to Acquire SIKORA, a Leading Provider of Measuring and Control Technologies

Company Overview - Dover Corporation has announced a definitive agreement to acquire SIKORA AG for €550 million in cash, with the transaction expected to close in Q2 2025, pending regulatory approvals [1] - SIKORA, founded in 1973 and headquartered in Bremen, Germany, specializes in precision measurement, inspection, and control solutions for various production processes, generating approximately €100 million in revenue in 2024 [2] Strategic Rationale - The acquisition of SIKORA is considered highly strategic for Dover's MAAG operating unit, enhancing exposure to attractive market adjacencies and providing cross-selling opportunities due to overlapping customer needs [3] - Dover's President and CEO emphasized that the acquisition aligns with the company's capital deployment strategy to add synergistic, growth-oriented businesses, highlighting SIKORA's strong value proposition and technological offerings [3] Market Context - Demand for SIKORA's products is increasing, driven by trends in electrification and growth in high-performance applications such as data centers, with the company achieving a double-digit organic growth rate over the last three years [2]