Gardner Denver, Inc. , Quincy, IL, has agreed to buy CompAir Holdings Ltd., a global manufacturer of compressed air and gas solutions. The acquisition values the business at about US$395 million.
CompAir, Redditch, U.K., operates through three business divisions: Industrial, Hydrovane, and Reavell. The Industrial division manufactures oil-injected and oil-free rotary screw compressors, piston compressors, and portable rotary screw compressors. These products are used in oil and gas exploration, mining and construction, power plants, and general industrial applications.
The Hydrovane division is a manufacturer of rotary vane compressors used in OEM applications such as snow-making and mass transit, and general industrial applications. The third division, Reavell, is a manufacturer of high pressure reciprocating compressors. Reavell's compressors are used in applications such as compressed natural gas, industrial gases, breathing air, and in naval, marine and defense market segments.
CompAir's primary manufacturing facilities are located in Simmern, Germany; Ipswich and Redditch, U.K.; Ocala, Florida; and Shanghai, China.
Gardner Denver, with 2007 revenues of $1.9 billion, is a manufacturer of reciprocating, rotary and vane compressors, liquid ring pumps and blowers for various industrial and transportation applications, pumps used in the petroleum and industrial market segments, and other fluid transfer equipment serving chemical, petroleum, and food industries.