Dover Corp (NYSE:DOV)

Dover Corp is an American conglomerate based that provides various diverse equipment and components.

The global manufacturer is based in Illinois.

Dover Corp produces manufacturing equipment and industrial products for a diverse group of customers across the globe. Various products offerings include:
• Printing
• marking & coding systems
• identification
• industrial equipment
• waste handling
• fuel dispenser
• industrial pumps
• refrigeration systems
• display cases
• piping
• nozzles
• electronic tank gauge equipment

The American manufacturer claims to focus on digital transformation. Its business strategy comprises of adoption and investment in IoT (Internet of things) and digital technologies.

The company claims to have opened various new digital lab centers in Boston, which serves as a wide hub for various digital initiatives.

It delivers innovative components and equipment, aftermarket parts, consumable supplies, digital and software solutions.

The US-based manufacturer provides support services through the five main segments which are namely:
• Fueling solutions
• Engineered products
• Imaging & identification
• Refrigeration and food equipment
• Pumps & Process solutions

The engineered products of the company help in delivering industry leading equipment, software and components that serve the vehicle services and environmental solutions.

The fueling solutions have a comprehensive portfolio of cutting edge and high-quality solution and products for retail fueling and other markets, the firm claims.

The subsidiaries of the company are Hill Phenix Inc, Marken-Imaje, Alfres Fueling Systems Inc, PSG Dover, OPW Fueling Components Inc, United Brands Inc, Dover Business Services LLC, Colder Products Company, Warn Industries, Tokheim, Wiseco, etc.

Under the imaging & identification segment provides solutions for packaging, digital textile printing equipment, precision marking and coding, product traceability and brand protection, etc.

The US-based company also engages in manufacturing and designing of consumables and equipment used for printing, including bar coding of serial number and dates on FMCG goods and provides serialization solutions for pharmaceutical customers.

Furthermore, the firm claims to focus on delivering supply chain traceability solutions and brand protection requirements.