Industrial Utility Efficiency    

Gardner Denver Acquires DV Systems

Gardner Denver Holdings Inc. a leading global provider of mission-critical flow control and compression equipment, announced that it has acquired DV Systems Inc., funded with cash on hand. Based in Barrie, Ontario, DV Systems is a leading manufacturer of rotary screw and piston compressors and associated aftermarket parts. DV Systems will be part of Gardner Denver’s Industrials Segment.

“DV Systems is a Canadian market-leader with a history of innovative products, strong talent and excellent customer relationships,” said Vicente Reynal, Gardner Denver’s CEO. “This transaction is aligned with our strategy of leveraging core, mission critical technologies in attractive markets to drive ongoing profitable growth.”

“We are very excited for DV Systems to be part of the Gardner Denver family,” said Bogdan Markiel, DV Systems’ CEO. “As part of Gardner Denver, DV Systems will be well-positioned to expand into new markets and expand the product portfolio that has made us a leader in the Canadian market.”

 

About Gardner Denver

Headquartered in Milwaukee, Wis., Gardner Denver (NYSE: GDI) is a leading global provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and, services, which it sells across multiple attractive end-markets within the industrial, energy and medical industries. Its broad and complete range of compressor, pump, vacuum and blower products and services, along with its application expertise and over 155 years of engineering heritage, allows Gardner Denver to provide differentiated product and service offerings for its customers' specific uses. Gardner Denver supports its customers through its global geographic footprint of 40 key manufacturing facilities, more than 30 complementary service and repair centers across six continents, and approximately 6,700 employees worldwide. For more information, visit www.gardnerdenver.com.