ABB - Dover To Acquire Em-Tec For Medical Flow Measurement Push
Quick Take
Dover (DOV) has announced the proposed acquisition of Em-tec GmbH for an undisclosed amount.
Em-tec has developed a family of flow measurement devices for medical and biopharma applications.
With the deal, DOV expands more deeply into an adjacent market, which makes strategic sense.
However, the firm’s stock is fully valued and possibly still overvalued due to the economic recession we are likely already entering, so my bias on the stock is Neutral.
Target Company
Finning, Germany-based Em-tec was founded to design and manufacture flow measurement devices for medical and biopharmaceutical uses.