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Datamax-O'Neil Acquires Extech's Data Systems Division
NEW YORK, Dec 16, 2009 /PRNewswire-FirstCall via COMTEX/ -- Dover Corporation (NYSE: DOV) announced today that Datamax-O'Neil, a Dover operating company in its Engineered Systems Segment and a global provider of label and receipt printing solutions, has acquired Extech Instruments' Data Systems Division, one of the world's leading developers of portable printers for enterprise-wide applications. Extech Instruments, based in Waltham, Massachusetts is a subsidiary of Flir Systems. Financial terms of the transaction were not disclosed.
The acquisition is reflective of Datamax-O'Neil's long-term strategy to strengthen its strong position in the global Auto-ID marketplace and Dover's desire to grow its product identification footprint. Dover expects the division to be fully integrated into Datamax-O'Neil over a four month period with all printers marketed under the Datamax-O'Neil brand.
Raymond Hoglund, Dover Engineered Systems President and Chief Executive Officer said, "The acquisition of Extech's portable printing division expands Datamax-O'Neil's product line and customer base while at the same time enhancing the Company's overall technology. This acquisition fits squarely within Dover's strategy of pursuing synergistic acquisitions that strengthen and better position our companies serving targeted end-markets such as product identification."
About Dover Corporation
Dover Corporation is a global portfolio of manufacturing companies providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit http://www.dovercorporation.com/.
About Datamax-O'Neil
Datamax-O'Neil is a trusted global provider of stationary and portable label and receipt printing solution products that enable manufacturing and supply markets to capture the benefits of automated product identification and automated legal and financial transactions. Datamax-O'Neil is the barcode and mobile printing business group of Dover Corporation's Product Identification Group (PIDG), a global platform entity with products and services covering all the leading marking technologies and applications. The company's products address a wide variety of applications, including those in the industrial, healthcare, retail, automotive and ticketing market sectors. Datamax-O'Neil is headquartered in Orlando, Florida, and maintains key facilities in California, Illinois, and France, as well as sales and technical support offices around the world.
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SOURCE: Dover Corporation
http://www.dovercorporation.com