05:32 PM EDT, 07/22/2024 (MT Newswires) -- Dover (DOV) late Monday said it acquired Marshall Excelsior for $395 million in cash.

The acquired company produces flow-control components for vehicles and use of liquified petroleum gas and other industrial gases that generated around $120 million in revenue during 2023.

Dover, which produces an array of after-market parts, software and support services for cars and trucks, said Marshall Excelsior would become part of its clean energy and fueling segment.

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