Dover

Dover

Global industrial equipment and solutions provider

Overview

Dover is a global manufacturer with five segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment. It earns revenue from selling equipment, components, and consumables, plus aftermarket parts, software, digital tools, and support services that customers use in their operations. The company differs from competitors through its combination of global scale, operational agility, entrepreneurial heritage, and growth by acquiring and integrating complementary businesses across multiple industrial sectors. Dover aims to lead its markets by delivering reliable, high-quality industrial solutions at scale, supported by aftermarket parts, software, and services, and by expanding through acquisitions and global reach.

Funded Recently

About Dover

Simplify's Rating
Why Dover is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Hardware

Industrial & Manufacturing

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Downers Grove, Illinois

Founded

1955

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Simplify's Take

What believers are saying

  • Second-quarter 2026 revenue rose 7%; organic growth hit 5%, with bookings outpacing shipments.
  • Dover raised 2026 adjusted EPS guidance to $10.55-$10.75 after strong Q2 execution.
  • Management keeps buying bolt-ons: Cloeren closed August 12, 2026, and Leistung follows.

What critics are saying

  • ESG litigation still hangs over Dover; a 2025 jury awarded $58.9 million.
  • Cloeren and Leistung integration can distract MAAG and OPW, delaying expected synergies into 2027.
  • A major Markem-Imaje breach would freeze pharmaceutical serialization, inviting regulator bans and customer exits.

What makes Dover unique

  • Dover owns five industrial franchises, letting it cross-sell equipment, software, consumables, and services.
  • Markem-Imaje and Systech anchor regulated traceability; TraceIQ launched September 2, 2026.
  • Cloeren and Leistung expand MAAG and OPW into extrusion and cryogenic niches.

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Funding

Total Funding

$660.9M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Wellness Program

Mental Health Support

Employee Assistance Program

Tuition Reimbursement

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-4%
StockTitan
Sep 2nd, 2026
Systech launches TraceIQ, helping transform pharmaceutical traceability from compliance to operational intelligence.

Systech launches TraceIQ, helping transform pharmaceutical traceability from compliance to operational intelligence. Systech's new TraceIQ platform uses AI-enhanced analytics to turn pharmaceutical serialization data into real-time operational decision support across supply chains. Rhea-AI summary. Dover (DOV), through its Systech brand within Markem-Imaje, launched Systech TraceIQ, an enterprise pharmaceutical traceability platform designed to extend serialization beyond regulatory compliance into operational intelligence. TraceIQ combines core compliance functions with an AI-assisted analytics layer, aiming to turn transaction records into actionable insights. It is structured around three goals: preventing issues before they affect production, resolving exceptions before they cause disruptions, and converting traceability data into faster, better operational decisions across supply chain, quality and compliance teams. The platform is already in production with customers and is being demonstrated at the Healthcare Distribution Alliance Traceability Seminar in Washington, D.C., from August 31 to September 2, 2026. Systech contributes more than 40 years of packaging and serialization expertise as a brand of Markem-Imaje and part of Dover, which reports annual revenue of over $8 billion and employs approximately 24,000 people. AI-generated analysis. How Rhea-AI works. Not financial advice. Find StockTitan more easily in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google 09/02/2026 - 01:15 PM DOWNERS GROVE, Ill., Sept. 2, 2026 /PRNewswire/ - Systech, part of Markem-Imaje and Dover and a leading provider of pharmaceutical serialization and traceability solutions, today announced the launch of Systech TraceIQ(TM), an intelligent and intuitive enterprise traceability platform created for a new operational reality in pharmaceutical supply chains. Backed by Systech's four decades of packaging execution and serialization expertise, TraceIQ combines core compliance capabilities with an operational intelligence layer enhanced by AI-assisted analytics designed for today's pharmaceutical supply chains. User-friendly and fast to deploy, TraceIQ transforms traceability data from a passive record of transactions into an active source of insight, enabling teams to identify patterns, investigate root causes and collaborate more effectively with partners. "Serialization created unprecedented visibility into pharmaceutical supply chains, but visibility alone does not solve operational issues," said Sreedhar Patnala, General Manager, Systech. "Organizations need to quickly understand what happened, why it happened and what action to take next. TraceIQ helps teams move beyond compliance reporting to make proactive, informed decisions that keep products moving throughout the supply chain safely and in a timely manner." Systech TraceIQ is built around three operational outcomes: * Prevent issues before they impact production: Built-in validation and guardrails help identify bad data and avoidable errors before they create downstream exceptions, rework or shipment delays. * Resolve exceptions before they become disruptions: Centralized traceability data and AI-assisted investigation help teams determine what happened, identify likely causes and take corrective action faster. * Turn traceability data into operational decisions: Intuitive search, analytics and intelligent assistance provide supply chain, quality and compliance teams with the insights needed to make quicker decisions, improve partner collaboration and optimize performance. From emerging biopharmaceutical companies preparing for commercial launch to global manufacturers and contract organizations managing complex partner ecosystems, TraceIQ helps organizations move beyond compliance and unlock greater value from their serialization and traceability investments through greater operational visibility and increased productivity. Systech TraceIQ is in production with customers and is being showcased in live demonstrations at the Healthcare Distribution Alliance (HDA) Traceability Seminar in Washington, D.C., from August 31 to September 2, 2026. Learn more about TraceIQ here. About Systech: Systech is a trusted provider of pharmaceutical track and trace solutions, bringing more than 40 years of expertise from the packaging line to the broader supply chain. Built on deep line-level experience, its integrated hardware and proven software solutions help reduce operational friction, improve efficiency, strengthen compliance and protect product integrity. With a perspective shaped by the realities of packaging, serialization, inspection and traceability, Systech partners with manufacturers of all sizes to build connected, modern supply chains that drive productivity and operational excellence. Systech is a leading brand of Markem-Imaje and a part of Dover Corporation. Visit www.systechone.com for further information. About Markem-Imaje: Markem-Imaje, a wholly owned subsidiary of Dover Corporation, connects products and protects brands through intelligent identification, traceability and consumer engagement solutions. We offer the industry's most comprehensive range of marking and coding systems seamlessly integrated with trusted software, services and consumables. Over 50,000 customers worldwide partner with us to help them unlock the power of information in codes. With decades of proven expertise provided through the most extensive global network, we empower our customers to optimize supply chain efficiencies, achieve sustainability and compliance objectives, keep products safe and engage their consumers. This is intelligence, beyond the mark. Visit www.markem-imaje.com for further information. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com. Systech Contact: Lou Ann Hodges (609) 395-8400 [email protected] Dover Media Contact: Adrian Sakowicz, VP, Communications (630) 743-5039 [email protected] Dover Investor Contact: Jack Dickens, VP, Investor Relations (630) 743-2566 [email protected] SOURCE Dover Faq. What did Systech announce about TraceIQ for Dover (DOV)? Systech announced the launch of Systech TraceIQ, an enterprise pharmaceutical traceability platform. It is designed to extend serialization systems from basic regulatory compliance reporting to operational intelligence, using AI-assisted analytics and centralized data to support faster, better supply chain decisions. What are the main capabilities of Systech TraceIQ for pharmaceutical traceability? Systech TraceIQ combines core compliance features with AI-assisted analytics, intuitive search and intelligent assistance. It focuses on preventing issues before they impact production, resolving exceptions before they become disruptions, and converting traceability data into practical operational decisions for supply chain, quality and compliance teams. How does TraceIQ help pharmaceutical companies move beyond compliance reporting? The company states that TraceIQ transforms traceability data from a passive transaction record into an active insight source. Teams can identify patterns, investigate root causes and collaborate with partners more effectively, enabling proactive, informed decisions that keep products moving safely and on time through the supply chain. Who is Systech TraceIQ intended for within the pharmaceutical industry? TraceIQ is aimed at emerging biopharmaceutical companies preparing for commercial launch as well as global manufacturers and contract organizations. It is designed for organizations managing complex partner ecosystems that want to gain more operational visibility and productivity from their serialization and traceability investments. When and where is Systech TraceIQ being demonstrated? Systech TraceIQ is in production with customers and is showcased in live demonstrations at the Healthcare Distribution Alliance (HDA) Traceability Seminar in Washington, D.C., held from August 31 to September 2, 2026, highlighting its capabilities to industry participants. How is Systech related to Markem-Imaje and Dover (DOV)? Systech is a brand of Markem-Imaje and part of Dover. Markem-Imaje is a wholly owned subsidiary of Dover, which is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion and approximately 24,000 employees worldwide.

PR Newswire
Aug 18th, 2026
Dover to Acquire Leistung, Expand Manufacturing Footprint and Cryogenic Offerings

/PRNewswire/ -- Dover Corporation (NYSE: DOV) today announced that it has signed a definitive agreement to acquire Leistung Engineering Pvt. Ltd. ("Leistung"),...

PR Newswire
Jul 28th, 2026
Dover to acquire Cloeren, a leading manufacturer of T-dies and feedblocks for polymer processing

Dover Corporation has signed a definitive agreement to acquire Cloeren Incorporated, a manufacturer of high-performance extrusion T-dies and feedblocks for polymer and plastics applications. Following the deal's completion, expected in the third quarter, Cloeren will join Dover's MAAG business unit within its Pumps & Process Solutions segment. Cloeren, headquartered in Orange, Texas, operates additional manufacturing facilities in Marshall, Texas; Eau Claire, Wisconsin; and Micheldorf, Austria. The acquisition will add complementary extrusion technologies to MAAG's portfolio, expanding its capabilities in polymer processing applications. "Cloeren is a strong strategic fit for MAAG," said Ueli Thuerig, president of MAAG. The transaction's financial terms were not disclosed. Dover is a diversified global manufacturer with annual revenue exceeding $8 billion.

PR Newswire
Jul 23rd, 2026
Dover reports 12% Q2 EPS growth on 5% organic revenue rise, raises full-year guidance

Dover Corporation reported strong second-quarter 2026 results, with revenue reaching $2.2 billion, up 7% year-on-year. The diversified global manufacturer posted GAAP diluted earnings per share from continuing operations of $2.31, a 14% increase. Adjusted diluted EPS from continuing operations rose 12% to $2.74. All five business segments delivered positive organic growth, driven by secular-growth-exposed markets that now represent approximately 25% of the portfolio. For the six months ended 30 June 2026, Dover generated revenue of $4.2 billion, up 8%, with adjusted diluted EPS from continuing operations rising 12% to $5.02. Bookings outpaced shipments and grew double digits in the quarter. Dover raised its full-year 2026 adjusted EPS guidance to $10.55–$10.75, based on expected revenue growth of 6%–8%.

JoCo
Jul 21st, 2026
Global maker of fuel handling systems grows its joco presence.

Global maker of fuel handling systems grows its joco presence. July 21, 2026 OPW and ARCO Design/Build Officials Join County Leaders in Groundbreaking Johnston County, N.C. - July 21, 2026. About 75 business and civic leaders joined OPW executives and representatives of ARCO Design/Build on Friday to break ground on a major expansion to OPW's operations near Johnston Regional Airport on US Highway 70 Business. The company, part of Illinois-based Dover Corp [NYSE: DOV], is a leading global provider of fluid transfer solutions, including retail fueling systems. ARCO Design/Build, an experienced leader in Johnston County industrial real estate, is OPW's architectural and construction partner for the expansion. "This is a big deal," said Michael McCann, Vice President and General Manager at OPW, citing Johnston County's business environment and excellent workforce. OPW maintains plants in China, Malaysia, Sweden and the United Kingdom. "But this is the headquarters," McCann said, "and that's not random." Since acquiring the Smithfield facility in 2006, OPW has grown its local workforce from 50 to about 500. "It's a great North Carolina story, and it wouldn't be possible without the support of the community, government officials and our employees," said McCann, who has been involved in the facility's management for the last two decades. Greg Kennedy, Vice President of Operations at OPW, spoke of the support his company gets from local government in Johnston County, the Economic Development Office, the Clayton Chamber of Commerce, and OPW employees. "Johnston County is very important to OPW," Kennedy said. "The people in this area make things so easy." Turnover at the company's Smithfield facility, for example, is a scant five percent, he added. "Johnston Community Collegehas done tremendous things for us," Kennedy added. "We have great training programs we've developed in partnership with JCC that help educate kids in this area." ARCO, OPW's development partner, is a national design-build construction firm specializing in industrial facilities. The firm integrates feasibility, design and construction under one interdisciplinary team - enabling faster delivery, better cost certainty and reduced risk for its clients. Through its Raleigh office, one of 19 ARCO maintains nationwide, the company has a rich history of supporting Johnston County's industrial real estate. Earlier this year, ARCO joined Blue Steel Development in breaking ground on Steel 70, a three-building industrial complex in Clayton that will accommodate distribution, warehousing and light manufacturing operations. "The reason I love being here is because the community is great," said Matt Hohorst, Chief Construction Officer at ARCO Design/Build, noting that after opening its Raleigh office, the firm's first project was in Johnston County. "We kind of fell in love with it then," Hohorst recalled. OPW's expansion comes just nine days after officials from AdvanceTEC and its new French sister corporation, Pierre Guerin, broke ground on a $7.5 million expansion that adds 32,000 - square-foot to its Clayton manufacturing footprint. "While Johnston County works hard to maintain its unique community roots, our economy has a global reach that attracts investment dollars and jobs from around the U.S. and the world," explained Ed Aldridge, chairman of the Johnston County Economic Development Advisory Board. "Not all business destinations can say that. We can because our leadership has extraordinary vision, our neighborhoods are warm and welcoming, and our growing workforce is unbeatable," Aldridge said. OPW's global footprint includes sales offices on six continents. Its Retail Fueling business is a leading producer of innovative fuel dispensing, transfer and secondary containment solutions. The company is ISO-9000 certified and utilizes Lean Manufacturing and rigid Six Sigma Quality Systems to maximize quality throughout the entire product life cycle. Founded in 1955 and headquartered in Downers Grove, Illinois, Dover Corp. is a diversified global manufacturer and solutions provider with annual revenues topping $8 billion. With a global workforce of 24,000, the company delivers innovative components and aftermarket parts, digital solutions, supplies, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover Corp. sits in the elite ranks of "Dividend Kings," a Wall Street distinction that acknowledges more than 50 years of continuous dividend increases. Dover, in fact, has grown its dividend for the past 71 consecutive years. The Johnston County Economic Development Office (JCEDO) facilitates value-added interaction between government, education, and the private sector in encouraging and promoting job creation and economic investment in Johnston County. A unit of county government, JCEDO collaborates with local, regional, and statewide partners and allies in providing confidential location assistance to businesses and technical support to the county's 11 municipalities. Its menu of services includes customized digital mapping, labor and wage analysis, site readiness assistance and incentive packaging.

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