Announced
Completed
Financials
Sources
Tags
engineering design
functional testing
Germany
Machinery: Industrial
Single Bidder
Private
automation solutions
Acquisition
Majority
Friendly
project consulting
Completed
Synopsis
Dover, a diversified global manufacturer, completed the acquisition of XanTec, a developer and supplier of automation and control solutions for industrial machinery. Financial terms were not disclosed. The acquisition enhances Dover's subsidiary Maag's automation solutions offering with an Internet of Things-enabled technology, and positions Maag to grow its presence in aftermarket, remote service and monitoring solutions for the polymer processing and related markets.
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