MILWAUKEE - Gardner Denver Holdings, Inc. (NYSE: GDI), a global provider of mission-critical flow control and compression equipment, announced that it 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.
The acquisition of Oina will provide further access to the peristaltic pumps market and enhanced R&D capabilities and leverage Gardner Denver’s distribution network, commercial, and operational capabilities
The acquisition fits disciplined capital allocation strategy of M&A in mission-critical technologies with strong aftermarket potential.
“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.”