Dover Corporation to acquire Sikora for €550m.

Dover Corporation, an American conglomerate manufacturer of industrial products, agreed to acquire Sikora, a provider of precision measurement, inspection, and control solutions for production processes, for €550m. "SIKORA represents a highly-strategic acquisition for MAAG. The Company's outstanding products address similar customer needs to MAAG's products in resin-related markets, and its offerings provide MAAG with increased exposure to highly-attractive market adjacencies where we have existing industry knowledge and customer relationships. Our shared capabilities and go-to-market overlap will generate material cross-selling benefit with a highly complementary portfolio of products and technologies, deepening our joint value proposition and integration with our OEM partners and end customers," Ueli Thuerig, Dover MAAG's President.