Given the fact that this transaction is closing late in 2006, as well as the impact of normal purchase accounting and estimated financing costs, its results will have negative impacts on Dover's fourth quarter 2006 and first quarter 2007 results of about 1 cent and 2 cents per diluted share, respectively. The impact on Dover for the balance of 2007 is currently expected to be neutral.
Markem, headquartered in Keene, New Hampshire, is a leader in innovative and reliable product identification solutions for the world's leading companies. Solutions include equipment, software, supplies and services, for industries including food and beverage, cosmetics, pharmaceutical, and electronics.
Ronald L. Hoffman, President and Chief Executive Officer of Dover, commented: "We are pleased to welcome Markem into the Dover family. The acquisition of Markem creates a leading global presence in the exciting product identification market for Dover. With the addition of Markem to our Product ID Group we have enhanced our product offerings, expanded our customer base, and extended our global reach."
Statements in this release may be "forward-looking", which involve risks and uncertainties. These include economic and currency conditions, market demand, pricing, and competitive and technological factors, among others, as set forth more fully in the Company's SEC filings.
For further information on Markem Corporation, including applications, markets and products, visit its website at http://www.markem.com.
Dover Corporation (NYSE: DOV) is a diversified global manufacturer of value-added products and components that serves a variety of industrial and commercial markets including energy, defense, telecommunications, product identification, waste management and refrigeration systems. For over 50 years, Dover has been providing its customers -- now in over 100 countries -- with outstanding products and services that reflect the company's commitment to operational excellence, innovation and market leadership. Today, Dover encompasses over 40 operating companies and over 31,000 employees in 37 countries around the world. Headquartered in New York, the company generated over $6 billion in sales in 2005. For more information, please visit http://www.dovercorporation.com.
CONTACT: READ IT ON THE WEB
Paul Goldberg http://www.dovercorporation.com
Director of Investor Relations
(212) 922-1640
