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Dover 收购 FW Murphy，后者是往复式压缩行业控制和优化解决方案的领先供应商
（美通社/多佛）
新闻提供方
多佛
2023年10月04日 美国东部时间16：15
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伊利诺伊州唐纳斯格罗夫，2023年10月4日/美通社/ -- 都佛（纽约证券交易所代码：DOV）今天宣布，已达成最终协议，以5.3亿美元现金收购FW Murphy Production Controls， LLC（“FW Murphy”）（私营企业Genisys Controls LLC的子公司）的业务。该交易预计将于 2023 年第四季度完成，但需满足惯例成交条件，包括获得监管部门的批准。交易完成后，FW Murphy将成为Dover Precision Components（“DPC”）运营部门的一部分，隶属于Dover的泵和过程解决方案部门（“DPPS”）。
FW Murphy 成立于 1939 年，总部位于德克萨斯州罗森伯格，是往复式压缩机和相关驱动系统控制、远程监控、基于数字孪生的预测性维护和自适应性能优化组件、解决方案和仪器的领先供应商。FW Murphy 的解决方案用于天然气生产、运输和工业用途市场，以及新兴的氢气和碳捕获应用。该业务预计将在 2023 年产生约 1.2 亿美元的收入，其中包括可观的售后市场和经常性收入。扣除正税属性后，收购价格约为FW Murphy 2023年调整后EBITDA的13倍，利润率将增加Dover的合并利润率。
此次收购为 DPC 的 Cook Compression 产品线增加了高度互补的产品，通过数字和经常性收入流增强了 DPC 的收入组合，帮助 DPC 在清洁能源压缩技术方面处于领先地位，并使 DPC 能够利用日益普及的下一代远程监控、预测性维护和实时性能优化解决方案。?
“FW Murphy 是备受推崇的技术先驱和领导者，在控制和优化往复式压缩机和发动机的性能方面。增加其解决方案组合将使DPC能够为往复式压缩客户提供无与伦比的技术选择，以提高效率，提高安全性，减少碳排放，并加速清洁能源的采用。我们希望通过我们的综合产品和全球上市渠道实现切实的增长协同效应，“DPC总裁Marcell Ulrichs说。
都福总裁兼首席执行官理查德·托宾（Richard J. Tobin）表示：“对FW Murphy的收购具有创造价值的补强收购的所有特征，这些收购几十年来一直是都福战略不可或缺的一部分。FW Murphy 是一家运营良好的私营技术领导者，拥有持续盈利增长的跑道。我们很高兴能为DPPS增加一项具有吸引力的财务状况和价值创造潜力的优质资产。
关于都佛：
都福是一家多元化的全球制造商和解决方案提供商，年收入超过80亿美元。我们通过五个运营部门提供创新的设备和组件、消耗品、售后零件、软件和数字解决方案以及支持服务：工程产品、清洁能源和燃料、成像和识别、泵和过程解决方案以及气候和可持续发展技术。都福将全球规模与运营敏捷性相结合，引领我们所服务的市场。65 年来，我们的创业精神一直以公认的理念而著称，我们的团队拥有超过 25,000 名员工，秉持主人翁精神，与客户合作，重新定义一切可能。Dover 总部位于伊利诺伊州唐纳斯格罗夫，在纽约证券交易所以“DOV”交易。更多信息可在 dovercorporation.com 上找到。
关于都福精密组件：
Dover Precision Components为石油和天然气、发电、船舶、工业、化工和一般加工市场的旋转和往复式机械提供性能关键型解决方案。我们的产品组合包括 Waukesha Bearings、Bearings Plus、Inpro/Seal 和 Cook Compression 品牌，包括流体动力轴承、主动磁浮轴承、系统和轴承保护、往复式压缩机阀、密封技术、活塞、连杆等。每个解决方案都经过定制设计，以提供最佳的效率、可靠性和生产力，并得到全面的售后服务的支持。都福精密部件通过北美、欧洲、亚洲和中东的工厂以及遍布全球的技术销售代表为其全球客户群提供服务。更多信息可在 doverprecision.com 上找到。
Dover to Acquire FW Murphy, a Leading Supplier of Control and Optimization Solutions for the Reciprocating Compression Industry
(PRNewsfoto/Dover)
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Dover
Oct 04, 2023, 16:15 ET
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DOWNERS GROVE, Ill., Oct. 4, 2023 /PRNewswire/ -- Dover (NYSE: DOV) announced today that it has entered into a definitive agreement to acquire the business of FW Murphy Production Controls, LLC ("FW Murphy") (a subsidiary of privately-owned Genisys Controls LLC) for $530 million in cash. The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions, including receipt of regulatory approvals. Following the closing of the transaction, FW Murphy will become part of the Dover Precision Components ("DPC") operating unit within Dover's Pumps & Process Solutions segment ("DPPS").
Founded in 1939 and headquartered in Rosenberg, Texas, FW Murphy is a leading provider of control, remote monitoring, digital-twin-based predictive maintenance, and adaptive performance optimization components, solutions, and instrumentation for reciprocating compressors and associated drive systems. FW Murphy's solutions are used in natural gas production, transportation, and industrial use markets, as well as in emerging hydrogen and carbon capture applications. The business is expected to generate approximately $120 million in revenue in 2023, with substantial aftermarket and recurring revenue. Net of positive tax attributes, the purchase price represents approximately 13x of FW Murphy's 2023 Adjusted EBITDA, with margin accretive to Dover's consolidated margin.
The acquisition adds highly complementary offerings to DPC's Cook Compression? product line, enhances DPC's revenue mix with digital and recurring revenue streams, helps position DPC for leadership in compression technologies for clean energy, and allows DPC to capitalize on the growing adoption of next-generation remote monitoring, predictive maintenance, and real-time performance optimization solutions.
"FW Murphy is a highly regarded technological pioneer and leader in controlling and optimizing the performance of reciprocating compressors and engines. Adding its portfolio of solutions will allow DPC to offer reciprocating compression customers an unparalleled choice of technologies to improve efficiency, promote safety, reduce their carbon emissions, and accelerate clean energy adoption. We expect to achieve tangible growth synergies from our combined product offerings and global go-to-market channels," said Marcell Ulrichs, President of DPC.
Dover's President and Chief Executive Officer, Richard J. Tobin, said, "The acquisition of FW Murphy has all the hallmarks of value-creating bolt-on acquisitions that have been an integral part of Dover's strategy for decades. FW Murphy is a well-run, privately-owned technological leader with a runway for sustained profitable growth. We are excited to add a high-quality asset with an attractive financial profile and value-creation potential to DPPS."
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
About Dover Precision Components:
Dover Precision Components delivers performance-critical solutions for rotating and reciprocating machinery across the oil & gas, power generation, marine, industrial, chemical, and general processing markets. Comprising the Waukesha Bearings, Bearings Plus, Inpro/Seal, and Cook Compression brands, our portfolio includes hydrodynamic bearings, active magnetic bearings, system and bearing protection, reciprocating compressor valves, sealing technologies, pistons, rods, and more. Each solution is custom-engineered to provide optimum efficiency, reliability, and productivity, and is backed by comprehensive aftermarket services. Dover Precision Components serves its global customer base through facilities in North America, Europe, Asia, and the Middle East, as well as technical sales representatives around the world. Additional information is available at doverprecision.com.
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