May 8, 2025 – In a major strategic maneuver set to reshape industry dynamics, Dover Corporation has announced its intention to acquire Germany – based SIKORA AG for a hefty 550 million euros in cash. As a key player in the global business landscape, Dover, headquartered in Downers Grove, Illinois, aims to fortify its position in precision measurement, electrification infrastructure, and online quality assurance, thus accelerating its expansion across crucial sectors.
Scheduled for completion in the second quarter of 2025, this full – scale acquisition will see SIKORA integrated into Dover’s esteemed MAAG Group. Renowned as a global leader in providing integrated solutions for the polymer processing industry, the MAAG Group holds a central role within Dover’s business framework.
Established in 1973 by Harald Sikora and headquartered in Bremen, Germany, SIKORA has carved out a niche for itself with its high – precision online measurement, X – ray inspection, and control systems. These state – of – the – art systems are widely utilized in the manufacturing of wires, cables, pipes, and optical fibers. Thanks to its top – notch products and services, SIKORA has attracted a clientele that demands the highest quality standards, including major players from data centers, automotive suppliers, and aerospace component manufacturers.
Fueled by the global push towards electrification, SIKORA has witnessed remarkable growth in recent years, achieving double – digit organic revenue growth for three consecutive years. Analysts point out that with the rapid rise of artificial intelligence computing and edge servers, the demand for high – frequency data infrastructure installation is surging. SIKORA, with its advanced technology, is well – positioned to serve both traditional wire and cable producers and tap into this burgeoning market. Financial figures reveal that SIKORA achieved double – digit organic growth in 2024, raking in revenues of around 100 million euros. Meanwhile, Dover’s robust financial standing, with a 39.28% gross margin and annual revenues of $7.73 billion according to InvestingPro, provides a solid financial backbone for this significant acquisition.
Post – acquisition, SIKORA will become part of the MAAG operating unit within Dover’s Pump and Process Solutions segment. The collaboration is expected to unlock substantial technological and geographical synergies. SIKORA’s expertise in measurement and control technology seamlessly complements MAAG Group’s offerings in pumps, filtration, and pelletizing systems. Additionally, their combined market presence in German – speaking regions and globally will enable customers to access more comprehensive support and innovative solutions.
Harald Sikora expressed his enthusiasm for the partnership, stating, “The MAAG Group is the perfect partner for our future endeavors. SIKORA and MAAG share identical strategic goals and highly congruent core values, such as innovation, entrepreneurial spirit, sustainable thinking, and the pursuit of long – term success. We are confident that this union will create mutual growth opportunities and continue our journey of success.”
Ueli Thuerig, President of the MAAG Group, noted, “SIKORA’s premium products align perfectly with the needs of our customers in resin – related markets. The synergy between our capabilities and market strategies will yield significant cross – selling advantages, enhancing customer value through our complementary product portfolios. We also look forward to deepening our collaborations with OEM partners and end – users.”
Richard J. Tobin, President and CEO of Dover Corporation, emphasized that the acquisition of SIKORA aligns with the company’s strategic plan of expanding into businesses that are in line with its high – priority platforms and can drive growth and profitability. Tobin also extended a warm welcome to SIKORA’s skilled workforce and vibrant corporate culture, expressing his anticipation for a seamless integration.
This acquisition is poised to breathe new life into Dover’s operations in related fields. The industry will be closely watching how the two companies integrate resources and explore new market opportunities in the coming days.