Reasons for the decision to sell were equally unclear. The letter, intended to quell concerns among Vitronics Soltec’s customer base, goes on to say that “After a long evaluation process and as part of a wider restructuring plan, Dover Corporation has made a strategic decision to focus on other segments in their markets … While our company has achieved strong success over many years, Dover is rebalancing its portfolio to be less focused on capital equipment. Both Dover and Vitronics Soltec see this as an opportunity to align our strong company with an investor more focused in this area.” It concludes, “Vitronics Soltec will advise you of the completed sale as the earliest possible date and our global management team will be open, honest, and quick with updates and approachable to answer questions.”
Other Dover companies in the Circuit Assembly and Test category include Alphasem A.G., DEK, Everett Charles Technologies, Hover-Davis, OK International, and Universal Instruments.
EPP EUROPE 404
