Dover Corporation completes acquisition of Markem Corporation

Dover Corporation has announced that its Dover Technologies subsidiary has completed the previously announced acquisition of Markem Corporation. Terms of the transaction were not disclosed.

With annualized sales of about $290 million, Markem will report to Dover Technologies and operate as an independent operating company in conjunction with DTI's Product Identification Group, which will have annualized revenue over $800 million.

Ronald L. Hoffman, president and chief executive officer of Dover, commented: ‘We are pleased to welcome Markem into the Dover family. The acquisition of Markem creates a leading global presence in the exciting product identification market for Dover. With the addition of Markem to our Product ID Group we have enhanced our product offerings, expanded our customer base, and extended our global reach.’