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

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.