(Reuters) - U.S. industrial conglomerate Dover Corp said it will spin off some of its communication technologies businesses into a publicly traded company named Knowles Corp.
The businesses make microphones, speakers, receivers and transducers, among other communication products.
"Given the evolution of their unique business model, these businesses can now pursue a more aggressive growth strategy together as a standalone company," Chief Executive Robert A. Livingston said in a statement.
Dover's other products include industrial pumps, oil and mining drilling tools and food packaging equipment.
(Reporting by Mridhula Raghavan in Bangalore; Editing by Don Sebastian)