Gardner Denver Holdings, Inc. has acquired Oina VV AB for a net purchase price of approximately $10 million funded by cash on hand. Based in Stockholm, Sweden, Oina specializes in customized pump solutions for liquid handling processes for use in medical, process and industrial applications. Oina will be part of Gardner Denver’s Medical Segment.
“Oina has a strong history of delivering innovative products and building excellent customer relationships. This acquisition complements and expands our existing peristaltic pump offering and provides increased access to and expertise in the market,” said Vicente Reynal, Gardner Denver’s CEO. “This is another important step in our strategy to drive ongoing profitable growth by leveraging core, mission-critical technologies in attractive end markets.”
The CEO of Oina, Anders Lovas, stated, “We are excited to join the Gardner Denver family. Oina will be able to leverage an expanded commercial and operational footprint as we continue to innovate and deliver high quality products and service to our customers.”
About Gardner Denver
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 41 key manufacturing facilities, more than 30 complementary service and repair centers across six continents, and approximately 6,700 employees world-wide.