Gardner Denver seals CompAir acquisition
Published: 28 November 2008 12:00 AM
Article Type: Business News
Source: Process Engineering Online
London - The acquisition of compressor manufacturer CompAir has been completed for £200 million, with the whole of the CompAir Group, including Hydrovane & Reavell, now being part of Gardner Denver, a US based global manufacturer of compressor and vacuum products and fluid transfer systems.
By joining Gardner Denver, UK headquartered CompAir becomes one of the largest global compressor manufacturers in the industry, offering world-class technology and strong geographical coverage, said a CompAir statement.
“The acquisition marks the start of a new and important chapter in CompAir's long history, and will enable us to build on our reputation for high quality, innovative products and excellent customer service, said Jeremy Sykes, MD of CompAir UK. "With access to Gardner Denver’s global resources and expertise, we have the capability to accelerate our future growth plans and broaden our product offering to customers.”
Illinois-based Garner Denver has operations in over 30 countries, has a turnover of around $2.3 billion (£1.4 billion) and employs 6,200 staff worldwide. The acquisition of CompAir will enable Gardner Denver to extend its global compressor business using CompAir’s strong brands, technologically advanced products and complementary routes to market.
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