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Dover Corp Bolsters Fueling Tech Capabilities with Site IQ Acquisition
ByAinvest
Monday, Aug 4, 2025 5:20 pm ET1min read
Dover Corporation has acquired Site IQ, a specialist in industrial IoT solutions for remote monitoring of fueling sites. The acquisition bolsters Dover's offerings in smart fueling, remote service, and operational intelligence. Dover Fueling Solutions, a unit of Dover Corporation, will integrate Site IQ's technology into its existing portfolio. The acquisition aims to enhance Dover's capabilities in the fueling technology industry.
Dover Corporation (NYSE: DOV) has announced the acquisition of Site IQ LLC (SIQ), an industrial Internet of Things (IoT) company specializing in remote monitoring of fueling sites. The acquisition aims to enhance Dover's capabilities in the fueling technology industry by integrating Site IQ's technology into Dover Fueling Solutions (DFS), a unit of Dover Corporation.Site IQ's expertise lies in providing comprehensive remote monitoring and analytics solutions for fuel dispensers. The acquisition will enable Dover to offer actionable intelligence and remote hardware service capabilities, which can help reduce operating costs and improve maintenance efficiency for retailers and service companies [1].
The acquisition is part of Dover's strategy to bolster its offerings in smart fueling, remote service, and operational intelligence. Dover Fueling Solutions will integrate Site IQ's technology into its existing portfolio, expanding Dover's ability to deliver end-to-end solutions that connect retailers and service companies with fuel dispensers [2].
The financial terms of the acquisition were not disclosed. Dover Corporation is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. The company combines global scale with operational agility to lead the markets it serves. Dover is headquartered in Downers Grove, Illinois, and trades on the New York Stock Exchange under "DOV" [3].
The acquisition is expected to provide Dover with industry-leading remote monitoring and analytics capabilities, which can reduce operating costs and improve the efficiency of maintenance for its customers. Dover has a history of entrepreneurial innovation and a team of approximately 24,000 employees who take an ownership mindset, collaborating with customers to redefine what's possible [3].
References:
[1] https://www.stocktitan.net/news/DOV/dover-acquires-site-iq-provider-of-remote-monitoring-for-fueling-ya20c2hw10re.html
[2] https://seekingalpha.com/news/4477975-dover-corp-acquires-site-iq-to-bolster-fueling-tech-capabilities
[3] https://www.prnewswire.com/news-releases/dover-acquires-site-iq-provider-of-remote-monitoring-for-fueling-sites-302521120.html
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