Dover Acquires MS Printing Solutions S.r.l.
DOVER ACQUIRES MS PRINTING SOLUTIONS S.R.L.
Acquisition Expands the Reach of Printing and Identification into the Textile and Specialty Materials Markets
Downers Grove, IL, February 4, 2014 - Dover (NYSE: DOV) announced today that it has completed the acquisition of Italy-based MS Printing Solutions S.r.l. ("MS"), a leading designer, manufacturer and distributor of innovative digital ink jet printing systems and associated consumables serving the textile and specialty material markets. MS will become part of Dover's Printing and Identification ("DPI") segment. MS expects 2014 revenue to be approximately $70 million. Terms of the transaction were not disclosed.
The addition of MS' leading technology will expand DPI's served markets beyond the fast moving consumer goods and industrial markets into the textile market which is experiencing rapid growth in the utilization of digital printing technology. The acquisition will also provide synergistic opportunities and allow DPI to share and leverage technology across the segment.
Dover is a diversified global manufacturer with annual revenues approaching $8 billion. For over 50 years, Dover has been delivering outstanding products and services that reflect its market leadership and commitment to operational and technical excellence. The Company's entrepreneurial business model encourages, promotes and fosters deep customer engagement which has led to Dover's well-established and valued reputation for providing superior customer service and industry-leading product innovation. Dover focuses on delivering innovative equipment and components, specialty systems and support services to its global industrial end-markets. Headquartered in Downers Grove, Illinois, Dover is traded on the New York Stock Exchange under "DOV." Additional information is available on our website at www.dovercorporation.com.
About MS Printing Solutions S.r.l.:
MS Printing Solutions S.r.l. is a leading designer, manufacturer and distributor of innovative digital ink jet printing systems and associated consumables serving the textile and specialty material markets. Founded in 1947 and based in Caronno, Italy, MS has 70 employees. Additional information is available on the company's website at www.msitaly.com.
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