Dover Corp. announced that its Dover Electronics subsidiary has completed the acquisition of Pole/Zero Corp. Terms of the transaction were not disclosed. With the acquisition of Pole/Zero, the Microwave Products Group (MPG) of Dover Electronics' Components Group will have annualized sales in excess of $100 M.
Pole/Zero, based near Cincinnati, OH, is a leader in innovative and reliable RF interference mitigation products used primarily in airborne and naval defense communications applications. Pole/Zero's products, customers and manufacturing expertise are complementary with the two other MPG companies, and significant market and supply chain synergy opportunities are anticipated.
Robert A. Livingston, president of Dover Electronics, commented: "We are pleased to welcome Pole/Zero into the Dover family. The acquisition of Pole/Zero expands our capabilities and applications in defense communications and provides opportunities to pursue additional commercial communications applications."
"Pole/Zero's products and management team are very well respected by their defense customers and the company is well positioned for continued growth," said David Wightman, president of MPG. "With the addition of Pole/Zero to our Microwave Products Group we have extended our technology base, enhanced our product offerings and expanded our customer base."
Robert Schumacher, president of Pole/Zero, said: "We are very excited to join the Microwave Products Group of Dover Electronics. The culture is a perfect match for the Pole/Zero business style and we are excited with the opportunity to continue growing our business and sustain our leadership position in providing RF cosite mitigation solutions in the years ahead."
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