Dover Corporation Completes Acquisition of Markem Corporation

Resource from: CBCC Likes:2946

Dec 13,2007

Dover Corporation Completes Acquisition of Markem Corporation Dover Corporation (NYSE: DOV) announced recently that its Dover Technologies subsidiary has completed the previously announced acquisition of Markem Corporation. Terms of the transaction were not disclosed. With annualized sales of about $290 million, Markem will report to Dover Technologies and operate as an independent operating company in conjunction with DTI's Product Identification Group, which will have annualized revenue over $800 million. Given the fact that this transaction is closing late in 2006, as well as the impact of normal purchase accounting and estimated financing costs, its results will have negative impacts on Dover's fourth quarter 2006 and first quarter 2007 results of about 1 cent and 2 cents per diluted share, respectively. The impact on Dover for the balance of 2007 is currently expected to be neutral. Markem, headquartered in Keene, New Hampshire, is a leader in innovative and reliable product identification solutions for the world's leading companies. Solutions include equipment, software, supplies and services, for industries including food and beverage, cosmetics, pharmaceutical, and electronics. Ronald L. Hoffman, President and Chief Executive Officer of Dover, commented: "We are pleased to welcome Markem into the Dover family. The acquisition of Markem creates a leading global presence in the exciting product identification market for Dover. With the addition of Markem to our Product ID Group we have enhanced our product offerings, expanded our customer base, and extended our global reach." For further information on Markem Corporation, including applications, markets and products, visit its website at www.markem.com.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Dover Corporation Announces Completion of Divestitures
Next GGB Bearing Technology Acquires Injection Molding Firm

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.