Stabilus
Assembly Line
Dover to Sell DESTACO Business Unit
Dover announced that it has entered into a definitive agreement to sell its De-Sta-Co business (“DESTACO”), which is part of Dover’s Engineered Products segment, to Stabilus SE for $680 million enterprise value. DESTACO designs, manufactures, and markets workholding and automation components for industrial automation applications, and generated revenue of $213 million in 2022. DESTACO was acquired by Dover in 1962.