Stabilus

Assembly Line

Dover to Sell DESTACO Business Unit

đź“… Date:

đź”– Topics: Acquisition

🏢 Organizations: Dover, Stabilus


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.

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