Dover (DOV) Acquires ipp Pump Products to Expand Sanitary Pump Offerings

Dover Corporation (NYSE:DOV) is one of the best industrial machinery stocks to buy according to analysts. Dover Corporation (NYSE:DOV) announced on June 18 that it had acquired ipp Pump Products GmbH, a German producer of sanitary pump infrastructure. The Bersenbrück-based company will join Dover’s Pumps & Process Solutions segment as a part of the Pump Solutions Group (PSG) business unit.

Ipp specializes in developing progressive and hygienic lobe pumps as well as other processing equipment for use in the food and beverage, cosmetics, pharmaceutical, and other sectors that need to adhere to sanitary regulations. PSG President Karl Buscher stated that the acquisition expands PSG’s pump portfolio with complementary technologies to address customers in a number of critical end market.

Dover Corporation (NYSE:DOV) provides an array of industrial products, including data cooling, fuel systems, clean energy, biopharma, and vehicle maintenance. It operates across five business divisions with an emphasis on precise engineering, automation, and sustainability.

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