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WIKI ANALYSIS
Incorporated in 1947, New York-based Dover Corporation (DOV) is an industrial conglomerate producing a wide range of specialized industrial products and manufacturing equipment. It operates primarily in the U.S. and has subsidiaries and affiliates in Canada, France, Germany, the Netherlands, Sweden, China, and the United Kingdom. Dover caters to a diverse clientele primarily spread over the Americas, Europe, and Asia. Earlier, the company operated through six segments: Dover Resources that made products mainly for the automotive, petroleum, and chemical equipment industries Dover Technologies that built assembly and ink-jet printing equipment Dover Electronics that made electronic components for the electronics industry Dover Systems which manufactured commercial food service and packaging equipment Dover Industries which made products used in waste handling, automotive service, bulk transport, construction, and other industries and Dover Diversified, which manufactured a broad range of products from machinery to refrigeration and display cases as well as agricultural cabs.
Effective third quarter 2007, the company reclassified its business into four segments from six. These include Industrial Products, Engineered Systems, Fluid Management, and Electronic Technologies, emphasizing on broad end markets being served and six focused market platforms. The Industrial Products, Engineered Systems, and Fluid Management segments contain two platforms each.
The Industrial Products (30.3% of 2006 revenues) segment consists of Material Handling and Mobile Equipment. The Engineered Systems (26.4% of 2006 revenues) segment consists of Engineered Products and Product Identification. The Electronic Technologies segment produced about 22.3% of 2006 revenues. The Fluid Management: segment (21.0% of 2006 revenues) consists of Energy and Fluid Solutions.
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