Dover announces acquisition of All-Flo

Enhances Dover’s Presence in a Growing Specialty Pump Market.

Dover (NYSE: DOV) announced today that it has completed the acquisition of the All-Flo Pump Company, Limited business (“All-Flo”), which is now part of the Pump Solutions Group^® (“PSG”) unit within Dover’s Fluids segment.

Founded in 1986 and headquartered in Mentor, Ohio, All-Flo is a growing manufacturer of specialty air-operated double-diaphragm (“AODD”) pumps used in a wide range of industrial applications to transfer viscous, abrasive and hazardous fluids, sludges and slurries. The addition of All-Flo further enhances PSG’s leading AODD pump portfolio and expands its geographic and channel reach.

“We’re excited to add All-Flo to our best-in-class portfolio of pump businesses,” said Richard J. Tobin, Dover’s President and Chief Executive Officer. “This acquisition strengthens PSG’s market-leading position and is consistent with our strategic approach of deploying capital in close-to-core markets that offer sustainable, profitable growth, and where we can confidently create value for shareholders.”

With approximately $12 million of revenue generated in 2018, All-Flo is expected to be accretive to margins of Dover and its Fluids segment. The acquisition is expected to generate double-digit cash Return on Invested Capital (ROIC) by Year 3.

Terms of the transaction were not disclosed.

www.dover.com

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