| Type | Public |
|---|---|
| Traded as | NYSE: DOV S&P 500 Component |
| Industry | Conglomerate |
| Predecessor | Automobile Rotary Lift Company |
| Founded | 1925 |
| Headquarters | Downers Grove, Illinois, U.S. |
| Area served | Worldwide |
| Key people | Robert W. Cremin (Chairman of the Board) Robert A. Livingston (President), (CEO) & (Director) |
| Revenue | $ 7.568 billion (2008) |
| Operating income | $ 1.029 billion (2008) |
| Net income | $ 590.83 million (2008) |
| Total assets | $ 7.867 billion (2008) |
| Total equity | $ 3.792 billion (2008) |
| Employees | 32,300 (June 2009) |
| Website | DoverCorporation.com |
Dover Corporation (NYSE: DOV) is a Fortune 500 and S&P 500 manufacturer of specialized industrial products and equipment within six segments. Dover Corporation is based in Downers Grove, Illinois, a western suburb of Chicago. The company relocated its headquarters from New York in mid-2010.
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Dover Corporation can trace its roots to the Automobile Rotary Lift Company, founded in 1925. In 1955 Dover Corporation was created with Rotary Lift as its first division. Rotary Lift was instrumental in popularizing the modern hydraulic passenger elevator.
In 1959 Dover Corp. split Rotary Lift into two separate divisions: Rotary Lift, which continued manufacturing automobile lifts, and Dover Elevator Division, which focused on passenger and freight elevators. Dover Corp. sold its elevator division to German industrial conglomerate ThyssenKrupp in 2000.[1]
In 2007 Dover merged its four operating product identification companies into two business groups. Datamax Pioneer and O'Neil Printer Supplies Group merged to become Datamax O'Neil Printer Supplies [2], and Markem Corporation and Imaje Group became Markem-Imaje [3].
Dover India Pvt. Ltd. (a Dover Corporation company), provides software development, Mechanical Design and product testing services to the group companies of Dover Corporation. Since its inception in 2003, it has grown significantly and now provides diverse services to several Dover group companies.
Dover Corporation is a multi-billion dollar, global producer of innovative equipment, specialty systems and value-added services for the industrial products, fluid management, engineered systems and electronic technology markets. Its traded on the NYSE under "DOV" with a market capitalization over $10 billion. It is organized into four reporting segments including six operating platforms as follows: [4]
| Segments | Platforms | Companies | Business Units |
|---|---|---|---|
| Industrial Products | Material Handling | DE-STA-CO Industries | |
| Texas Hydraulics | |||
| Tulsa Winch | |||
| Warn Industries | |||
| Mobile Equipment | Heil Environmental | ||
| Heil Trailer International | |||
| Marathon Equipment Co. | |||
| PDQ Manufacturing | |||
| Performance Motorsports | JE Pistons | ||
| ProX | |||
| Wiseco Pistons | |||
| Sargent | |||
| Vehicle Service Group | |||
| Engineered Systems | Product Identification | Datamax-O'Neil | |
| Markem-Imaje | |||
| Engineered Products | Belvac Production Machinaery | ||
| Hill PHOENIX | |||
| SWEP | |||
| Tipper Tie | |||
| Unified Brands | |||
| Fluid Management | Energy | Cook Compression | Windrock |
| Norris Production Solutions | Alberta Oil Tool | ||
| C-Tech Oilwell Technologies | |||
| Ferguson Beauregard | |||
| Norriseal | |||
| Harbison Fischer | |||
| Quartzdyne | |||
| US Synthetic | |||
| Waukesha Bearings Corp. | |||
| Fluid Solutions | Colder Products Company | ||
| Hydro Systems | |||
| OPW Fueling Components | |||
| OPW Fluid Transfer Group | OPW FTG Europe BV | ||
| OPW Engineering Systems | |||
| Civacon | |||
| Midland Manufacturing | |||
| Sure Seal Inc. | |||
| Knappco | |||
| Beltech Valves | |||
| Pump Solutions Group [5] | Wilden | ||
| Blackmer | |||
| Mouvex | |||
| Neptune | |||
| Almatec | |||
| Griswold | |||
| Envirogear | |||
| Electronic Technologies | Electronic Technologies | DEK | |
| Everett CHarles Technologies | |||
| Knowles Electronics | |||
| OK International | |||
| Ventron International | |||
| Ceramics & Microwave Products | Dow-Key Microwave Inc. | ||
| K&L Microwave Inc. | |||
| Pole/Zero Inc. | |||
| Dieletric Laboratories Inc. | |||
| Novacap Inc. | |||
| Syfer Technology Limited | |||
| Voltronics Corporation |