Novacap, a Dover Corporation Subsidiary, Acquires Syfer
VALENCIA, Calif., July 25 /PRNewswire/ -- Dover Corporation (NYSE: DOV) announced that Novacap Inc., a Company reported as part of its Dover Technologies business segment, has acquired Syfer Technology Ltd., a UK manufacturer of specialty ceramic electronic components. Novacap Inc. manufactures multilayer ceramic capacitors, with headquarters in Valencia, California. Syfer is headquartered in Norwich, England and makes surface mount capacitors, EMI filters, and planar arrays.
Commenting on the acquisition, Dr. Andre Galliath, President of Novacap, said, "This brings together two companies with the technology and expertise to provide the broadest offering, worldwide, of Application Specific Multilayer Capacitors (ASMC). The combination of Novacap and Syfer will become the market leader in high voltage safety capacitors, a critical component in modems and information technology equipment. The company is quickly expanding its manufacturing plants in England and California to satisfy the fast growing ASMC markets in the telecom, datacom, medical, and aerospace industries. Our mission is to be the premier source for specialty ceramic capacitors worldwide."
Terms of the transaction were not disclosed. SOURCE Dover Corporation
CONTACT: David S. Smith Vice President of Dover Corporation, 212-922-1640/