Dover Corporation
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| Type | Public |
|---|---|
| Traded as | NYSE: DOV S&P 500 Component |
| Industry | Conglomerate |
| Predecessor(s) | 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) |
| Employees | 32,300 (June 2009) |
| Website | www.dovercorporation.com |
The Dover Corporation 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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History [edit]
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.
Also in 1955, Dover Corp. split Rotary Lift into two separate divisions: Rotary Lift, which continued manufacturing automobile lifts, and Dover Elevator Division, which focused on manufacturing 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.
About Dover [edit]
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. It's traded on the NYSE under "DOV" with a market capitalization over $10 billion. It is organized into four reporting segments.
References [edit]
- ^ Mergers and Acquisitions
- ^ Two Dover Corp. Units Merge, Yahoo! Finance, Associated Press, August 8, 2007
- ^ Markem, Imaje merge to form largest product identification specialist, Process Online News, November 27, 2007
