CompAir acquisition completed
The acquisition of leading compressor manufacturer CompAir has been completed for £200 million, with the whole of the CompAir Group, 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.
Jeremy Sykes, managing director of CompAir UK, said: “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.
“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 (£1.4bn) and employs 6,200 staff worldwide. The acquisition of CompAir will enable Gardner Denver to extend its global compressor business using CompAir’s brands, products and complementary routes to market.
