Dover Announces Acquisition Of The Espy Corporation, A Leader In Signal Intelligence Solutions | News

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DOWNERS GROVE, Ill., September 15, 2021 / PRNewswire / – Dover (NYSE: DOV) announced today that it has completed the acquisition of The Espy Corporation (“Espy”), which will become part of the Microwave Products Group (MPG) within Dover’s Engineered Products segment.

Espy designs and manufactures advanced high frequency electronic sensor systems that are used to detect, record, analyze and geolocate signals. Outside of Austin, TX, Espy offers complete signal intelligence systems with integrated software that are sold worldwide. Espy’s proprietary machine learning and real-time geolocation technology, combined with the software interface, significantly reduces the time it takes to identify and process signals of interest while providing high accuracy at the origin of the signal.

The Espy acquisition enables MPG to benefit from long-term growth trends in signal intelligence as the demand for radio frequency detection and spectrum analysis grows around the world as radio communications become more widespread and refined. The acquisition also enables MPG to offer an expanded set of advanced radio frequency signaling solutions to various end markets, primarily within the defense industry, while further consolidating MPG’s technological leadership position in radio frequency applications.

President of the MPG, Ron Ruppersburg, stated: “We are pleased to add Espy to the MPG team as their expertise in the acquisition and analysis of signal data fits very well with our core focus on hardware for the protection and conditioning of signals. The complementary product offerings and customer bases between these companies” will create significant opportunities to cross-sell and co-develop our advanced market-leading products so that our customers can retain their advantages in this area. “

The terms of the transaction were not disclosed.

About Dover:

Dover is a diversified global manufacturer and solution provider with annual sales of approx. $ 7 billion. We deliver innovative devices and components, consumables, aftermarket parts, software and digital solutions as well as support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Our team of over 24,000 employees has been recognized for our entrepreneurial approach for over 65 years and pursues an independent mindset and works with customers to redefine what is possible. Headquarters in Downers Grove, Illinois, Dover is listed on the New York Stock Exchange as “DOV”. For more information, please visit dovercorporation.com.

Forward-looking statements:

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements in this document that are not historical facts are statements that are, or could be considered to be, “forward-looking” statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond the control of the company. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, the effects of COVID-19 or other future pandemics on the global economy and on our customers, suppliers, employees, businesses and cash flows, others general economic conditions and conditions in the respective markets in which we operate, changes in customer demand and investments, competitive factors and price pressure, our ability to develop and bring new products to the market in a cost-effective manner and our ability to exploit synergies from newly acquired companies . For details of the risks and uncertainties that could cause our results to differ materially from the forward-looking statements contained herein, please refer to our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the past year December 31, 2020and all subsequently submitted quarterly reports on Form 10-Q and current reports on Form 8-K. These documents are available from the SEC and on our website at www.dovercorporation.com. The company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or for any other reason.

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SOURCE Dover

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