Gardner Denver (GDI) to Acquire Robuschi in $207M Deal
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Gardner Denver, Inc. (NYSE: GDI) has entered into a share purchase agreement with the holders of 100 percent of the outstanding shares of Robuschi S.p.A.
Robuschi is a market leading European manufacturer of blowers and pumps, for a purchase price of approximately €152 million ($207 million at current exchange rates). Robuschi is headquartered in Parma, Italy, and has annual revenues of approximately €70 million ($95 million). Its shares are currently held by an investor group led by Milan, Italy based Aksia Group.
The transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals, and is expected to close in Q411.
Robuschi is a market leading European manufacturer of blowers and pumps, for a purchase price of approximately €152 million ($207 million at current exchange rates). Robuschi is headquartered in Parma, Italy, and has annual revenues of approximately €70 million ($95 million). Its shares are currently held by an investor group led by Milan, Italy based Aksia Group.
The transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals, and is expected to close in Q411.
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