Dover to sell its Destaco business unit to Stabilus for $680 million

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Dover has agreed to sell its automation, workholding and containment solutions company to Stabilus for an enterprise vale of $680.0 million.

Stabilus STM, -0.09% will buy Destaco, part of Dover’s DOV, +0.82% engineered products segment, in an all-cash deal expected to close in the first half of 2024, Stabilus said in a statement.

“This transaction will allow Dover to concentrate our efforts and capital deployment on growing our core platforms,” Dover’s President and Chief Executive Richard J. Tobin said in a separate statement.Destaco generated revenue of $213 million in 2022 and employs approximately 650 employees across 13 locations in the U.S., Europe, India, China and Thailand.

Stabilus said postmerger synergies, it expects Destaco to achieve a compound annual revenue growth rate of around 9%, or approximately $360 million, in 2028. The company expects to generate sales synergies of more than 50 million euros a year by fiscal 2026. Additionally, Stabilus expects cost synergies of more than EUR10 million annually.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し