Dover Corporation Finalizes Cloeren Acquisition

Cloeren will now operate under the umbrella of MAAG, a specialized division within Dover’s broader Pumps & Process Solutions portfolio. This transition follows Dover’s established strategy of expanding its reach in specialized industrial equipment and components.

Dover, which generates over $8 billion in annual revenue, maintains a workforce of approximately 24,000 employees globally. Headquartered in Downers Grove, the company continues to manage five distinct operating segments, ranging from clean energy to climate technologies. The integration of Cloeren aligns with Dover’s long-standing focus on acquiring niche market players to enhance its diversified manufacturing capabilities.