Dover Corporation is a big company that makes different products. They decided to buy another company called Criteria Labs. This new company is really good at making tiny devices that work well even in space! By buying Criteria Labs, Dover can now make even better products that are smaller, lighter, and last longer. This is good news for people who want to use these products for things like making calls or fighting in wars. Read from source...

"Dover Boosts Portfolio With Criteria Labs Acquisition".

Dover Corporation (DOV) has recently acquired Criteria Labs, enabling its Microwave Products Group (MPG) to create more compact and lightweight designs while still maintaining performance and durability. Criteria Labs is a pioneering company in radio frequency devices and microelectronic engineering solutions for high-reliability applications. The acquisition of Criteria Labs improves MPG's ability to achieve stringent Size, Weight, and Power (SWaP) specifications, which are crucial for electronic warfare and communications systems. The Engineered Products segment, where DOV's acquisition falls, represents about 23% of Dover's revenues. Dover's second-quarter 2024 revenue increased 3.7% YoY to $2.18 billion, surpassing the Zacks Consensus Estimate of $2.15 billion. DOV shares have gained 31.6% in the past year compared with the industry's growth of 24.3%. While DOV carries a Zacks Rank #3 (Hold), some better-ranked stocks from the Industrial Products sector include Crane Company (CR), Applied Industrial Technologies (AIT), and Cintas Corporation (CTAS).