By ET Bureau - January 28, 2020 2 Mins Read
Dover announced that it has entered into a definitive agreement to acquire So. Cal. Soft-Pak, Incorporated (“Soft-Pak”), a leading independent provider of integrated back office, route management and customer relationship management software solutions to the waste and recycling fleet industry. Following the close of the transaction, Soft-Pak will become part of the Environmental Solutions Group (“ESG”) business unit, a leading supplier of waste handling solutions to the North American waste and recycling industry, in Dover’s Engineered Products segment.
Soft-Pak is headquartered in San Diego, California, and has a 30-year track record of serving hundreds of waste and recycling fleets nationwide with innovative software solutions tailored to the fleet customers’ unique needs. In 2014 Soft-Pak launched a highly innovative and successful Mobile-Pak in-cab connected tablet solution, which includes real-time GPS tracking, route management in real-time, and various functionalities allowing the integration of moving fleet into the hauler’s back-office.
The acquisition enhances ESG’s industry-leading digital offerings centered around the connected refuse vehicle and productivity-enhancing solutions. Further integration between a fleet’s mobile assets, customer management, and back-office operations will position ESG to deliver an industry-leading integrated offering for refuse vehicles.
“We are excited to bring together Soft-Pak’s well-recognized industry-specific software solutions and ESG’s growing software & digital portfolio. We believe the integrated solutions will drive the growth of ESG’s core refuse vehicle offering and associated software, and deliver tangible value-add to our waste and recycling industry customers,” said Richard J. Tobin, Dover’s President, and Chief Executive Officer. “This transaction is another building block in Dover’s capital deployment strategy that emphasizes investments in attractive close-to-core markets that offer the potential for sustainable, profitable growth, and where our team can create value for our shareholders.”
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