Gardner Denver Announces Acquisition of Bottarini S.p.A.

02.06.2005

Gardner Denver, Inc. announced today that it has acquired all of the outstanding shares of Bottarini S.p.A., a leading packager of industrial air compressors located near Milan, Italy. This acquisition enhances the company's ability to serve the European market.

The purchase price is approximately Euro 8.1 million, less Euro 0.9 million in assumed debt.

Ross Centanni, Chairman, President and Chief Executive Officer of Gardner Denver, said, "We are pleased to add the Bottarini brand to our growing product portfolio. This company has built a strong presence in Italy since its founding in 1952 and will provide us with expanded capacity and a low-cost compressor assembly operation to better serve the European market."

Gardner Denver, with 2004 revenues of $740 million ($896 million on a pro forma basis including the acquisition of Nash Elmo, which was completed in September 2004), is a leading worldwide 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 markets, and other fluid transfer equipment serving chemical, petroleum, and food industries.

More articles on this topic

OPW Acquires ISO Liquid Tank Container Product Line from Girard Equipment to Enhance Offering in Key Regions

20.10.2020 -

OPW announced that is has acquired the ISO Liquid Tank Container product line from Girard Equipment, Inc., of Vero Beach, FL. Going forward, OPW will manufacture the ISO Liquid Tank Container product line at OPW’s facility in Lianyungang City, Jiangsu Province, China, with emphasis on increasing OPW’s presence and product portfolio in the Asia-Pacific, Latin American and European regions.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

  • Events

    « October 2020 » loading...
    M T W T F S S
    28
    29
    30
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    1
  • JOB MARKET