Dover Corporation acquires The Espy Corporation
Snapshot
Dover Corporation acquired The Espy Corporation for $60.5 million in September 2021. The transaction was structured as all cash. The Espy Corporation is a Engineered Products business.
- Acquirer
- Dover Corporation
- Target
- The Espy Corporation
- Value
- $60.5 million
- Date
- September 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Dover Corporation acquired The Espy Corporation for $60.5 million, a transaction completed in September 2021, structured as all cash.
The Espy Corporation operates in Engineered Products. The Espy Corporation (Espy) is a manufacturer of advanced electronic radio frequency sensor systems. Acquired 100 percent of the voting stock for $60.5 million, net of cash acquired. Strengthens the Company's offering of complete signal intelligence systems with integrated software.
Espy strengthens Dover's signal intelligence and RF sensor systems offering with integrated software.
Engineered Products
No advisory firms have been disclosed for this transaction.