| Harbison-Fischer will be consolidated into Norris Production Solutions, an operating unit within Dover's Fluid Management segment. Norris Production Solutions is a leading manufacturer and provider of integrated products and solutions across the artificial lift spectrum for oil & gas production.
Harbison-Fischer products are used extensively in artificial lift applications globally with 2011 revenue pegged at an approximate $160 million.
On December 22, 2010, Dover Corp. signed a definitive agreement to acquire Vienna, Austria-based Sound Solutions business line of NXP Semiconductors NV (NXPI) for $855 million. The acquisition is expected to close around the end of the first quarter of 2011 and will be slightly accretive to Dover’s earnings per share during the first full year of ownership.
Sound Solutions is one of the world's leading manufacturers of dynamic speakers and receivers for cell phones and other consumer electronics. It has manufacturing facilities in Vienna and Beijing. It is anticipated that Annual revenue for Sound Solutions would be approximately $330 million in 2010.
Sound Solutions will become a part of Knowles Electronics within Dover's Electronic Technologies segment. Electronic Technologies manufactures advanced micro-component products for the hearing aid and consumer electronics industries, high frequency capacitors, microwave electro-magnetic switches, radio frequency and microwave filters, electromagnetic products, and frequency control/select components. The segment generated revenues of $1 billion in 2009 and $1 billion in the first nine months of 2010.
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