# Stabilus SE agrees to acquire DESTACO from Dover Corporation for $680 million

Stabilus SE has signed an agreement to acquire DESTACO, a supplier of industrial automation components, from Dover Corporation for US$680 million, with closing expected in the first half of 2024.

- Type: Acquisition
- Announced: 2023-10-12
- Where: United States
- Value: $680.0M
- Status: announced
- Products: industrial automation components
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dover Corp.](https://endata.com/companies/1031.md) (partner)
- [Stabilus SE](https://endata.com/companies/73365.md) (acquirer)
- [DESTACO](https://endata.com/companies/73366.md) (target)

## Sources

- [ir.stabilus.com](https://ir.stabilus.com/news/stabilus-se-signs-agreement-to-acquire-destaco-to-significantly-expand-industrial-automation-business/4ba57e28-4051-4ad5-9ba8-c21f952e5eba), 2023-10-12: "Stabilus agrees to acquire DESTACO for a purchase price of US$680 million and will significantly strengthen its industrial business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.