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New Deal


Announced

Completed

Dover completed the acquisition of Innovative Control Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Machinery: Specialty

Domestic

Majority

Acquisition

Single Bidder

United States

car wash controllers

Friendly

Completed

Private

Synopsis

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Dover, an American conglomerate manufacturer of industrial products, completed the acquisition of Innovative Control Systems, a provider of car wash controllers, payment terminals, point-of-sale and wash site management software solutions. Financial terms were not disclosed. The addition of ICS expands Dover's participation in the secularly-growing vehicle wash market and enhances Dover's offerings, business mix and recurring revenue stream with high-value hardware and software solutions critical to vehicle wash workflows and operations.

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