Gardner Denver acquires CompAir
Nov 1, 2008 12:00 PM
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.
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