Dover Acquires FW Murphy For $530M, Expects Deal To Boost Margin
Portfolio Pulse from Lekha Gupta
Dover Corp (NYSE:DOV) has agreed to acquire FW Murphy Production Controls, a subsidiary of Genisys Controls LLC, for $530 million in cash. The deal is expected to close in Q4 2023 and will be accretive to Dover's margin. FW Murphy, which offers control and optimization solutions for the natural gas production industry, is projected to generate revenue of around $120 million in 2023. Post-acquisition, FW Murphy will become part of the Dover Precision Components operating unit.
October 05, 2023 | 9:39 am
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Dover's acquisition of FW Murphy is expected to be accretive to its margin and could potentially boost its revenue, given FW Murphy's projected revenue of $120 million in 2023.
The acquisition of FW Murphy, a company that offers control and optimization solutions for the natural gas production industry, could potentially boost Dover's revenue and margin. This is based on FW Murphy's projected revenue of $120 million in 2023 and the statement that the deal will be accretive to Dover's margin.
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