Acquisitions are a Core Competency
Dover criteria -- premier, niche manufacturing businesses with operating margins +15%, priced to add shareholder value.
Acquisition process “mentored” at Corporate:
- acquisition process training / quality control
- sourcing / networking
- internal and external communication, project resourcing
- increasing international focus
Acquisitions process led by presidents and corporate management:
- 70% of Dover companies have done add-ons (the rest are too new to Dover)
Liberal use of external resources where appropriate
Result: Virtual “deal team” of hundreds