Dover Acquires Site IQ, Provider of Remote Monitoring for Fueling Sites
Dover Corporation (NYSE: DOV) has announced the acquisition of Site IQ LLC (SIQ), an industrial Internet of Things company specializing in remote monitoring of fueling sites. SIQ will be integrated into Dover's Fueling Solutions (DFS) business unit within its Clean Energy & Fueling segment.
The acquisition enhances Dover's capabilities by adding comprehensive remote monitoring and analytics solutions for fuel dispensers. SIQ's technology connects retailers and service companies, offering actionable intelligence and remote hardware service capabilities that can help reduce operating costs and improve maintenance efficiency.
Dover Corporation (NYSE: DOV) ha annunciato l'acquisizione di Site IQ LLC (SIQ), un'azienda specializzata nell'Internet industriale delle cose (IIoT) focalizzata sul monitoraggio remoto delle stazioni di rifornimento. SIQ sar脿 integrata nell'unit脿 commerciale Fueling Solutions (DFS) di Dover, all'interno del segmento Clean Energy & Fueling.
Questa acquisizione potenzia le capacit脿 di Dover aggiungendo soluzioni complete di monitoraggio remoto e analisi per i distributori di carburante. La tecnologia di SIQ connette i rivenditori e le aziende di servizi, offrendo informazioni utili e funzionalit脿 di assistenza hardware a distanza che possono contribuire a ridurre i costi operativi e migliorare l'efficienza della manutenzione.
Dover Corporation (NYSE: DOV) ha anunciado la adquisici贸n de Site IQ LLC (SIQ), una empresa de Internet industrial de las cosas especializada en el monitoreo remoto de estaciones de combustible. SIQ se integrar谩 en la unidad de negocios Fueling Solutions (DFS) de Dover, dentro del segmento Clean Energy & Fueling.
La adquisici贸n mejora las capacidades de Dover al a帽adir soluciones integrales de monitoreo remoto y an谩lisis para dispensadores de combustible. La tecnolog铆a de SIQ conecta a minoristas y compa帽铆as de servicios, ofreciendo inteligencia accionable y capacidades de servicio remoto de hardware que pueden ayudar a reducir costos operativos y mejorar la eficiencia del mantenimiento.
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Dover Corporation (NYSE : DOV) a annonc茅 l'acquisition de Site IQ LLC (SIQ), une entreprise sp茅cialis茅e dans l'Internet industriel des objets, sp茅cialis茅e dans la surveillance 脿 distance des sites de ravitaillement. SIQ sera int茅gr茅e 脿 l'unit茅 commerciale Fueling Solutions (DFS) de Dover, au sein du segment Clean Energy & Fueling.
Cette acquisition renforce les capacit茅s de Dover en ajoutant des solutions compl猫tes de surveillance 脿 distance et d'analyse pour les distributeurs de carburant. La technologie de SIQ connecte les d茅taillants et les entreprises de services, offrant des informations exploitables et des capacit茅s de service mat茅riel 脿 distance qui peuvent aider 脿 r茅duire les co没ts d'exploitation et am茅liorer l'efficacit茅 de la maintenance.
Dover Corporation (NYSE: DOV) hat die 脺bernahme von Site IQ LLC (SIQ) bekannt gegeben, einem Unternehmen f眉r das industrielle Internet der Dinge, das sich auf die Fern眉berwachung von Tankstellen spezialisiert hat. SIQ wird in die Gesch盲ftseinheit Fueling Solutions (DFS) von Dover im Bereich Clean Energy & Fueling integriert.
Die 脺bernahme erweitert Dovers F盲higkeiten durch die Erg盲nzung umfassender Fern眉berwachungs- und Analysel枚sungen f眉r Kraftstoffspender. Die Technologie von SIQ verbindet Einzelh盲ndler und Dienstleistungsunternehmen und bietet umsetzbare Erkenntnisse sowie Fernwartungsfunktionen f眉r Hardware, die dazu beitragen k枚nnen, Betriebskosten zu senken und die Wartungseffizienz zu verbessern.
- Expands Dover's remote monitoring and analytics capabilities in the fueling sector
- Enhances service offerings with end-to-end solutions for fuel dispenser monitoring
- Potential for customer cost reduction and maintenance efficiency improvements
- Strategic expansion in IoT and digital solutions for fuel retail
- Financial terms not disclosed, impact on Dover's finances unknown
- Integration costs and challenges may affect short-term performance
Headquartered in
"SIQ fulfills a need in the industry for an end-to-end solution that connects retailers and service companies with fuel dispensers," stated David Crouse, President of DFS. "This acquisition provides us with industry leading remote monitoring and analytics capabilities, which can reduce operating costs and improve efficiency of maintenance for our customers."
Terms of the transaction were not disclosed.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over
Forward-Looking Statements:
This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the anticipated effects of the transaction. All statements in this document other than statements of historical fact are statements that are, or could be deemed, "forward-looking" statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions, and other factors, some of which are beyond the Company's control. Factors that could cause actual results to differ materially from current expectations include, among other things, general economic conditions and conditions in the particular markets in which we operate, changes in customer demand and capital spending, competitive factors and pricing pressures, our ability to develop and launch new products in a cost-effective manner, and our ability to realize synergies from newly acquired businesses. For details on the risks and uncertainties that could cause our results to differ materially from the forward-looking statements that may be contained herein, we refer you to the documents we file with the听Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended听December 31, 2024, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available from the听SEC, and on our website,听www.dovercorporation.com. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result听of new information, future events or otherwise.
Investor Contact:听
Jack Dickens听
Vice President 鈥� Investor Relations听
(630) 743-2566听
[email protected]听
Media Contact:听
Adrian Sakowicz听
Vice President 鈥� Communications听
(630) 743-5039听
[email protected] 听
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