Dover to Sell DEK for $170M in Cash to ASM Pacific Technology

Dover

today announced that it has signed a definitive agreement to sell its DEK Printing Machines unit ("DEK"), headquartered in Zurich, Switzerland, to ASM Pacific Technology

, a Hong Kong listed company.  DEK is a global provider of advanced materials deposition technologies and support solutions including printing equipment platforms, stencils, precision screens and mass imaging processes used primarily in the electronics industry.  The transaction is subject to customary regulatory approvals, and is expected to close around mid-year 2014. Dover expects to realize cash proceeds from the sale of $170 million, plus other contingent consideration that could result in up to an additional $30 million in proceeds, subject to normal post-closing adjustments.     About Dover:Dover is a diversified global manufacturer with annual revenues of over $8 billion.  For over 50 years, Dover has been delivering outstanding products and services that reflect its market leadership and commitment to operational and technical excellence. The Company's entrepreneurial business model encourages, promotes and fosters deep customer engagement which has led to Dover's well-established and valued reputation for providing superior customer service and industry-leading product innovation. Dover focuses on innovative equipment