POELLATH advises SIKORA AG on sale to Dover Corporation
The U.S. industrial group Dover Corporation (“Dover”) has acquired SIKORA AG (“SIKORA”), a leading provider of measurement and control technologies. Upon completion of the transaction, SIKORA will be integrated into Dover’s MAAG Group operating unit within the Pumps & Process Solutions segment. The acquisition of SIKORA aligns with Dover’s strategy of acquiring highly synergistic companies in its core business segments that will increase both growth and margins. POELLATH provided legal and tax advice to SIKORA in connection with the sale.
Bremen-based SIKORA AG is a leading provider of precision measurement, inspection, and control solutions for production processes in the wire and cable, hose, tube and pipe, sheet, optical fiber, and plastics industries. The company’s solutions enable its customers to ensure the highest quality and longevity of their end products, while increasing cost efficiency, process optimization and compliance with quality assurance standards. With the global shift to electrical technologies, the company is becoming increasingly important, especially in rapidly growing sectors such as data centers. SIKORA employs more than 25,000 people and has recorded double-digit, organic growth over the past three years.
Dover is a global, diversified industrial group with approximately 24,000 employees. The company offers innovative machinery, components, consumables, software solutions, and services in five business segments, including clean energy & fueling and climate & sustainability technologies.
POELLATH advised the sellers on legal and tax matters in connection with the transaction with the following team:
- Otto Haberstock, M.C.J. (partner, lead, M&A/PE, Munich)
- Dr. Barbara Koch-Schulte (partner, M&A/PE, Munich)
- Dr. Michael Best (partner, tax, Munich)
- Dr. Nico Fischer (partner, tax, Munich)
- Timo Winkelmann (partner, real estate transactions, Berlin)
- Gerald Herrmann (associated partner, tax, Munich)
- Dr. David Hötzel (associated partner, tax, Berlin)
- Dr. Andreas Reuther (associated partner, employment law, Munich)
- Daniel Wiedmann (associated partner, antitrust, Frankfurt)
- Dr. Puya Rezai Hariri (counsel, real estate transactions, Berlin)
- Daniel Zhu (counsel, M&A/PE, Munich)
- Dr. Klara Bothe (senior associate, real estate transactions, Berlin)
- Marina Hennings (senior associate, real estate transactions, Berlin)
- Angelina Seelbach (senior associate, M&A/PE, Munich)
- Daniel Hoppen (senior associate, antitrust, Frankfurt)
- Moritz Löffler (senior associate, M&A/PE, Munich)
- Jannis Lührs (senior associate, tax, Munich)
- Cornelius L. Roth (senior associate, tax, Munich)
- Florentine Wagner (associate, M&A/PE, Munich)
- Rudolf Kanter (associate, tax, Munich)
- Dr. Maximilian Link (associate, M&A/PE, Munich)
