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Dover Corporation: Dover Acquires Ettlinger
(GLOBE NEWSWIRE via COMTEX) -- Copyright (C) 2018 GLOBE NEWSWIRE. All rights reserved.

DOVER ACQUIRES ETTLINGER

Extends leadership position in the plastics and polymers processing equipment industry

DOWNERS GROVE, Ill., January 9, 2018 - Dover (NYSE: DOV) announced today that it has acquired Ettlinger Kunststoffmaschinen GmbH and its affiliated entities ("Ettlinger"), based in Konigsbrunn, Germany. Ettlinger, which will become part of the Maag business unit ("Maag") within Dover's Fluids segment, is a leading manufacturer of filtering solutions for the plastics recycling industry. Terms of the transaction were not disclosed.

The addition of Ettlinger's high performance filtration systems will uniquely position Maag as a leader in the plastics processing equipment industry with solutions addressing both virgin and higher growth recycled plastics processing markets. Ettlinger's annual revenue was approximately EUR 16 million in 2017.

Robert A. Livingston, Dover's President and Chief Executive Officer said, "We are pleased to have Ettlinger join Dover as we extend our already strong industry position in plastics and polymers processing. In addition to the meaningful share repurchases we will complete in 2018, we also expect to continue to build and enhance our platforms with focused bolt-on transactions like Ettlinger, which deliver greater-than-GDP growth along with highly accretive margins."

About Dover:

Dover is a diversified global manufacturer with annual revenue exceeding $7 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through four operating segments: Engineered Systems, Fluids, Refrigeration & Food Equipment and Energy. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of 29,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

Investor Contact:

Paul Goldberg

Vice President - Investor Relations

(630) 541-1540

peg@dovercorp.com


Media Contact:

Adrian Sakowicz

Vice President - Communications

(630) 743-5039

asakowicz@dovercorp.com

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Dover Corporation via Globenewswire


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