- Dover Corporation
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Dover Corporation Type Public S&P 500 Component Traded as NYSE: DOV 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 
$ 7.568 billion (2008)Operating income $ 1.029 billion (2008)Net income 
$ 590.83 million (2008)Total assets $ 7.867 billion (2008)Total equity $ 3.792 billion (2008)Employees 32,300 (June 2009) Website DoverCorporation.com Dover Corporation (NYSE: DOV) 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
- ^ Mergers and Acquisitions
- ^ Two Dover Corp. Units Merge, Yahoo! Finance, Associated Press, August 8, 2007
- ^ Markem, Imaje merge to form largest product identification specialist, Process Online News, November 27, 2007
- ^ Dover Segments
- ^ Pump Solutions Group Op-Co's
External links
Categories:- Companies listed on the New York Stock Exchange
- Companies based in New York City
- Companies established in 1955
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