The four business segments are: Communication Technologies; Energy; Engineered Systems; and Printing & Identification.
Engineered Systems’s Fluid Solutions platform will be focused on the global pump and fluid handling markets and will include Dover’s Pump Solutions Group.
Engineered Systems has forecasted 2011 full-year revenue of approximately US$3.3 billion. Tom Giacomini will serve as president and CEO of Engineered Systems.
Dover says that the realignment will allow the segments to better focus on end-market growth strategies and capital deployment, while continuing to leverage their scale to capture operational efficiencies.
Dover also believes that the new structure will facilitate clearer measurement and benchmarking against other companies in similar end-markets.