Gardner Denver, Inc. Announces Agreement to Acquire CompAir
6 o9 h# H* X3 ~+ ~+ y& i. U
4 c5 @5 K, Q8 _2 v
3 ?) G& w0 S! @3 @5 e
Strategic Acquisition Adds Depth to Gardner Denver's Operations Worldwide ' S+ P+ _2 b* A) t9 f6 J/ b: M
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.