Gardner Denver acquires CompAir

Gardner Denver Inc. has completed its previously announced acquisition of CompAir Holdings Limited, a global manufacturer of compressed air and gas systems. Total cash consideration paid to the selling shareholders was £190.2 million. Including the repayment of certain outstanding debt and the assumption of CompAir's other net debt, which totaled approximately £10.4 million September 30, 2008, the total transaction value was about £200.6 million. To finance the acquisition, Gardner Denver used excess available cash and new syndicated credit facilities.