Dover Corporation

Dover Corporation
Dover Corporation
Type Public S&P 500 Component
Traded as NYSEDOV
Industry Conglomerate
Predecessor Automobile Rotary Lift Company
Founded 1925
Headquarters Downers Grove, Illinois, U.S.
Area served Worldwide
Key people Robert W. Cremin
(Chairman of the Board)
Robert A. Livingston
(President), (CEO) & (Director)
Revenue increase $ 7.568 billion (2008)
Operating income increase $ 1.029 billion (2008)
Net income decrease $ 590.83 million (2008)
Total assets decrease $ 7.867 billion (2008)
Total equity decrease $ 3.792 billion (2008)
Employees 32,300 (June 2009)
Website DoverCorporation.com

Dover Corporation (NYSEDOV) is a Fortune 500 and S&P 500 manufacturer of specialized industrial products and equipment within six segments. Dover Corporation is based in Downers Grove, Illinois, a western suburb of Chicago. The company relocated its headquarters from New York in mid-2010.

Contents

History

Dover Corporation can trace its roots to the Automobile Rotary Lift Company, founded in 1925. In 1955 Dover Corporation was created with Rotary Lift as its first division. Rotary Lift was instrumental in popularizing the modern hydraulic passenger elevator.

In 1959 Dover Corp. split Rotary Lift into two separate divisions: Rotary Lift, which continued manufacturing automobile lifts, and Dover Elevator Division, which focused on passenger and freight elevators. Dover Corp. sold its elevator division to German industrial conglomerate ThyssenKrupp in 2000.[1]

In 2007 Dover merged its four operating product identification companies into two business groups. Datamax Pioneer and O'Neil Printer Supplies Group merged to become Datamax O'Neil Printer Supplies [2], and Markem Corporation and Imaje Group became Markem-Imaje [3].

Dover India Pvt. Ltd. (a Dover Corporation company), provides software development, Mechanical Design and product testing services to the group companies of Dover Corporation. Since its inception in 2003, it has grown significantly and now provides diverse services to several Dover group companies.

About Dover

Floor indicator in a Dover elevator at Port Charlotte High School. Dover elevators are now made and serviced by ThyssenKrupp.

Dover Corporation is a multi-billion dollar, global producer of innovative equipment, specialty systems and value-added services for the industrial products, fluid management, engineered systems and electronic technology markets. Its traded on the NYSE under "DOV" with a market capitalization over $10 billion. It is organized into four reporting segments including six operating platforms as follows: [4]

Segments Platforms Companies Business Units
Industrial Products Material Handling DE-STA-CO Industries
Texas Hydraulics
Tulsa Winch
Warn Industries
Mobile Equipment Heil Environmental
Heil Trailer International
Marathon Equipment Co.
PDQ Manufacturing
Performance Motorsports JE Pistons
ProX
Wiseco Pistons
Sargent
Vehicle Service Group
Engineered Systems Product Identification Datamax-O'Neil
Markem-Imaje
Engineered Products Belvac Production Machinaery
Hill PHOENIX
SWEP
Tipper Tie
Unified Brands
Fluid Management Energy Cook Compression Windrock
Norris Production Solutions Alberta Oil Tool
C-Tech Oilwell Technologies
Ferguson Beauregard
Norriseal
Harbison Fischer
Quartzdyne
US Synthetic
Waukesha Bearings Corp.
Fluid Solutions Colder Products Company
Hydro Systems
OPW Fueling Components
OPW Fluid Transfer Group OPW FTG Europe BV
OPW Engineering Systems
Civacon
Midland Manufacturing
Sure Seal Inc.
Knappco
Beltech Valves
Pump Solutions Group [5] Wilden
Blackmer
Mouvex
Neptune
Almatec
Griswold
Envirogear
Electronic Technologies Electronic Technologies DEK
Everett CHarles Technologies
Knowles Electronics
OK International
Ventron International
Ceramics & Microwave Products Dow-Key Microwave Inc.
K&L Microwave Inc.
Pole/Zero Inc.
Dieletric Laboratories Inc.
Novacap Inc.
Syfer Technology Limited
Voltronics Corporation

References

External links


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