Gardner Denver Acquires MP Pumps
GARDNER DENVER HOLDINGS INC (GDI)
Last gardner denver holdings inc earnings: 2/17 04:16 pm
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Source: Business Wire
Acquisition of MP Pumps will provide further access to the specialty industrial pumps market and leverage Gardner Denver’s distribution network, commercial, operational and R&D capabilities Acquisition fits disciplined capital allocation strategy of M&A in mission critical technologies with strong aftermarket potential MILWAUKEE--(BUSINESS WIRE)-- Gardner Denver Holdings Inc. (NYSE: GDI), a leading global provider of mission-critical flow control and compression equipment, announced that it has acquired MP Pumps, Inc. for a net purchase price of approximately $58 million funded by cash on hand. Based in Fraser, Michigan, MP Pumps is a leading manufacturer of specialty industrial pumps and associated aftermarket parts for use in a variety of industrial end markets. MP Pumps will be part of Gardner Denver’s Industrials Segment. “MP Pumps complements and expands Gardner
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