Gardner Denver, Inc. Announces Agreement to Acquire CompAir
& b5 Y. c6 e# J- T
8 G* {7 r% S2 j0 O. p h0 `
% w- W, D' i% B
Strategic Acquisition Adds Depth to Gardner Denver's Operations Worldwide7 ]( s: R# h" S/ m1 b" U
QUINCY, IL, Jul 21, 2008 (MARKET WIRE via COMTEX News Network) -- Gardner Denver, Inc. (NYSE: GDI) announced today that it has entered into separate share purchase agreements with the holders of 100 percent of the outstanding shares of CompAir Holdings Limited ("CompAir"), a leading global manufacturer of compressed air and gas solutions. The acquisition places a total enterprise value of the business at GBP 197.5 million (approximately $395 million), to be paid through a combination of cash and the assumption of existing CompAir debt. The transaction is expected to close in the fourth quarter of 2008.