Jan.9, 2014

Dover (China) Investment Co., Ltd, a wholly owned subsidiary of Dover Group (NYSE: DOV), today announced the completion of their strategic investment in 3D printer manufacturer Beijing TierTime Technology (TierTime) in China. Dover will market TierTime's products and services through its worldwide logistics and service network.

The strategic investment will help TierTime to expand its business worldwide. Founded in 2003, TierTime is the first Chinese company manufacturing industrial grade, the Inspire series, and desktop Up! series 3D printers. TierTime manufactures industrial 3D printers and desktop series through its subsidiary, Delta Micro Factory, also known as PP3DP. TierTime announced yesterday its popular model UP! 3D Printer supports the new Windows 8.1 driver system. Customers with an UP! 3D Printer and Windows 8.1 can automatically install the latest UP! 3D Printer driver directly from Windows Update.

Dover Group is a diversified global manufacturer with annual revenues of over $8 billion. Dover's acquisition strategy is focused on driving growth by investing capital in its five strategic growth spaces; energy, communication technologies, printing & identification, fluid solutions and refrigeration and food service equipment. Headquartered in Downers Grove, Illinois, Dover employs 35,000 people worldwide.

Zhang Yue Peng, president of Dover Asia, said: "Dover's goal is to become leader in every industrial market. We don't pursue economies of scale, but strive to find and create leaders in every sub-sector."


Posted in 3D Printing Company



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