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New Deal


Announced

Completed

Stabilus completed the acquisition of DESTACO from Dover for $680m.

Financials

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Transaction Value£552m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Diversified Industrials

Majority

Private

United States

engineered products

Cross Border

Friendly

Completed

Synopsis

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Stabilus, a supplier of gas springs, damping solutions, and electromechanical drives for motion control, completed the acquisition of DESTACO, a company that provides a broad range of engineered products, from Dover, a global manufacturer and solutions provider, for $680m. "This transaction will allow Dover to concentrate our efforts and capital deployment on growing our core platforms, while DESTACO will benefit from Stabilus' focus on industrial automation and strong go-to-market channel in industrial and automotive applications," Richard J. Tobin, Dover President and Chief Executive Officer.

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