Dover, a diversified global manufacturer and solutions provider, has announced that it has completed the acquisition of Solaris Laser, which is now part of the Markem-Imaje business unit (a wholly-owned subsidiary of Dover), a global manufacturer of product identification and traceability solutions within Dover’s Imaging and Identification segment.
Based in Europe, Solaris supplies advanced fiber, ultraviolet, and CO2 laser systems used for product marking and coding in industrial and packaging applications across a broad range of end markets. Solaris has served the marking and coding industry for over 25 years.
According to the press release, the acquisition of Solaris enhances Markem-Imaje’s laser technology product line. Further, it strengthens its position as a leading provider of identification and traceability equipment and solutions. This product line expansion will enable Markem-Imaje to address better growing customer demand for laser coding technologies, which offer reliability and productivity advantages that are important in specific applications.
Terms of the transaction were not disclosed. This transaction meets Dover’s strategic and financial criteria for acquisitions. It reflects Dover’s commitment to deploying capital in close-to-core markets that offer sustainable, profitable growth, where Dover can create value for shareholders.
Dover delivers innovative equipment and components, consumable supplies, aftermarket parts, software, and digital solutions, and support services through five operating segments – engineered products, fueling solutions, imaging and identification, pumps and process solutions and refrigeration and food equipment.