Dover Corp (NYSE: DOV) has completed the acquisition of CDS Visual, Inc., a provider of software as a service ("SaaS") 3D visualization solutions tailored for industrial applications, for undisclosed terms.
CDS Visual will become an operating company within Dover's Engineered Products segment.
CDS Visual's solutions are primarily used in eCommerce and Configure-Price-Quote applications.
"CDS Visual's innovative solutions, including a SaaS visualization platform, complement Dover's expanding portfolio of digital sales and marketing capabilities. Several of Dover's operating companies have adopted CDS Visual's solutions to enhance their customer-facing digital capabilities, and we were impressed with the impact on customer satisfaction, ease-of-doing-business and sales, and engineering effectiveness," said Girish Juneja, SVP and Chief Digital Officer of Dover.
Dover had cash and cash equivalents of $601.36 million as of June 30, 2021.
Price action: DOV shares closed lower by 0.84% at $162.91 on Monday.
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