IN FOCUS

Gardner Denver, Inc. reported that it has completed its previously announced acquisition of Thomas Industries Inc. (“Thomas”). Total cash consideration for the outstanding shares and share equivalents of Thomas amounted to $734.2 million. The net transaction value, including the assumption of $8.7 million of long term debt and net of $262.8 million of cash acquired, was approximately $480.1 million.

Parker Hannifin Corporation announced it has acquired Hanil Hydraulics Company, Ltd., a Korean-based maker of hydraulic valves used in construction equipment applications. Terms of the deal were not disclosed. The acquisition is expected to be accretive to earnings within the first full year of integration.

National Oilwell Varco, Inc. announced that the Norwegian Competition Authority (NCA) has issued a formal objection to the merger of National-Oilwell, Inc. and Varco International, Inc…

Effective June 1, EBARA Corporation will combine existing sales and service efforts for its Standard Pump (Commercial and Wastewater products), Municipal Public Works, API Oil and Gas (formerly under Ebara-Elliott Turbo Machinery) and Aftermarket and Custom/Replacement parts services into a new company called EBARA Fluid Handling.

Roper Industries, Inc. announced that it has acquired CIVCO Medical Instruments Co., Inc., a provider of specialized medical products based in Kalona, Iowa, from KRG Capital Partners, LLC.

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.

SKF’s acquisition of Jaeger Industrial Ltd – a leading manufacturer of electromechanical actuators, electronic control units and complete actuation systems – has now been finalized.

Thomas Industries Inc. reported that its previously announced agreement to be acquired by Gardner Denver, Inc. has received all required regulatory approvals. The transaction is scheduled …

Gardner Denver, Inc. announced that it has amended its existing credit agreement to provide for a new $380 million five-year senior secured term loan facility from a syndicate of 22 lenders in connection with its planned acquisition of Thomas Industries Inc.

Sulzer Chemtech and Cana-Tex signed an agreement to acquire Cana-Tex, based in Houston, Texas. Subject to the fulfillment of certain conditions, closing of the acquisition will become effective as of July 1st, 2005.