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Gardner Denver completes €51m acquisition

Flow control and compression equipment supplier Gardner Denver announced that it has acquired US pump manufacturer MP Pumps for a net purchase price of an estimated $58 million (€51.3 million).

MP Pumps, a manufacturer of industrial specialty pumps based out of Michigan, will be a part of Gardner Denver’s Industrials Segment.

“MP Pumps complements and expands Gardner Denver’s existing specialty industrial pump offering and provides increased access to and expertise in the market,” said Vicente Reynal, CEO of Gardner Denver.

“The acquisition of MP Pumps is another important step in our strategy to drive ongoing profitable growth by leveraging core, mission critical technologies in attractive end markets.”

“As part of Gardner Denver, we will be able to leverage an expanded commercial and operational footprint as we continue to deliver high quality products and services to our customers,” said MP Pumps president Greg Peabody.