Dover Corporation (NYSE: DOV) announced the acquisition of Criteria Labs, Inc., which would be integrated into DOV's Microwave Products Group ("MPG") within the Engineered Products segment. This move will enable MPG to develop more compact and lightweight designs while maintaining performance and durability.
Criteria Labs is a pioneer in radio frequency devices and microelectronic engineering solutions for high-reliability applications. The company is primarily based in Austin, TX, where it operates a massive clean room dedicated to space test engineering, assembly and packaging. Criteria Labs' facility in Penrose, CO, specializes in electronic component tape and reel packaging.
The acquisition of Criteria Labs will improve MPG's ability to achieve stringent Size, Weight and Power (SWaP) specifications. SWap specifications are critical for electronic warfare and communications systems.
The Engineered Products segment accounts for around 23% of Dover's revenues. In the second quarter of 2024, the ...
