Who Owns Advansor?
Advansor is owned by Dover Corporation (NYSE: DOV), a publicly traded diversified manufacturer headquartered in Downers Grove, Illinois. Founded in 2006 in Aarhus, Denmark, Advansor pioneered transcritical CO2 refrigeration systems for supermarkets and industry. Dover acquired it in 2025 and it operates alongside Hillphoenix in the Climate & Sustainability Technologies segment.
Advansor Timeline
EuropeOfficial Website
Who Owns Advansor?
- Parent Company: Dover Corporation
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: New York Stock Exchange: DOV
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Advansor | Dover Corporation | Wholly owned |
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History of Advansor
- Founded: 2006
- Founders: Kim G. Christensen, Torben Hansen
Kim G. Christensen and Torben Hansen founded Advansor in Aarhus in 2006 to commercialize transcritical CO2 refrigeration, a technology that uses carbon dioxide as a natural refrigerant with a global warming potential of one, versus thousands for conventional HFC gases.
Danish and German supermarket chains adopted the systems early, driven by European F-gas regulation that progressively banned high-GWP refrigerants. Advansor became the reference supplier for CO2 transcritical racks in European food retail, with tens of thousands of installations across the continent.
Dover's 2025 acquisition brought Advansor into Dover Food Retail alongside Hillphoenix, combining European CO2 technology leadership with North America's largest display case manufacturer. The pairing positions Dover to lead the US industry's refrigerant transition as EPA rules phase down HFCs.
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About Dover Corporation
Is Dover Corporation publicly traded?
Yes. It trades on the NYSE under ticker DOV and is in the S&P 500.
What does Dover Corporation make?
Diversified industrial equipment across five segments: fueling systems, specialty pumps, product coding, commercial refrigeration, and engineered components for vehicle service, aerospace, and industrial markets.
Is Dover the same as Dover Elevator?
Dover Corporation once owned Dover Elevator, a major elevator maker, but sold it to Thyssen in 1999. The company today is a diversified manufacturer with no elevator business.
Who is the CEO of Dover?
Richard J. Tobin, president and CEO since 2018.
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How long has Dover raised its dividend?
70 consecutive years through 2025, one of the longest streaks in the market.
Where is Dover headquartered?
Downers Grove, Illinois, a Chicago suburb.
- Founded: 1947
- Headquarters: Downers Grove, Illinois, USA
- Company Type: Publicly Traded
- Stock: New York Stock Exchange: DOV
- Revenue: $8.1 billion (FY2025)
- Employees: Approximately 24,000
Where Is Advansor Made / Based?
- Headquarters: Aarhus, Denmark
Advansor Categories & Tags
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Advansor Ownership: Pros & Cons
Advantages
- +Largest transcritical CO2 installed base in food retail
- +Regulation-driven demand in Europe and now the US
- +Hillphoenix pairing creates a global natural refrigerant platform
Considerations
- -CO2 systems carry higher upfront cost than conventional racks
- -Warm-climate efficiency challenges limit some geographies
- -Major refrigeration rivals are investing in the same technology
Frequently Asked Questions About Advansor
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Sources & Further Reading
Competitors to Advansor
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Dover Corporation | USA | 1887 | Mass market | United states | All Genders |
Learn More About Competitors
Competitive Analysis
Market Positioning: Advansor competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Advansor
Looking for brands with different ownership structures? These similar brands are not owned by Dover Corporation, giving you alternative choices that support different corporate structures.
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Owned by Adani Group
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ACC Limited is privately owned, unlike Advansor which is under a publicly traded parent company.
Conglomerates IndustrialAmbuja Cement
Owned by Adani Group
Indian cement manufacturer providing construction materials and building solutions, owned by Adani Group since 2022.
cementconstructionbuilding-materials
Privately Owned
Ambuja Cement is privately owned, unlike Advansor which is under a publicly traded parent company.
Conglomerates IndustrialBrevini
Owned by Dana
Dana's motion systems brand for industrial gearboxes and hydraulics, acquired in 2017.
gearboxeshydraulicsmotion-systems
Privately Owned
Brevini is privately owned, unlike Advansor which is under a publicly traded parent company.
Conglomerates IndustrialCHS
Owned by CHS Inc.
American agribusiness brand for grain, agronomy, energy, and crop input services, the master brand of the largest farmer-owned cooperative in the United States.
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Privately Owned
CHS is privately owned, unlike Advansor which is under a publicly traded parent company.
Conglomerates IndustrialDalmia Cement
Owned by Dalmia Bharat Group
Indian cement and building materials brand owned by Dalmia Bharat Group, the fourth largest cement manufacturer in India by capacity.
cementconstructionbuilding-materials
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Dalmia Cement is privately owned, unlike Advansor which is under a publicly traded parent company.
Conglomerates IndustrialGraybar
Owned by Graybar Electric Company, Inc.
The master brand of the employee-owned wholesale distributor of electrical, communications, and data networking products across North America.
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Graybar is privately owned, unlike Advansor which is under a publicly traded parent company.
Dover Corporation Stock Information
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