Gardner Denver Holdings Inc has acquired Oina VV AB, a Swedish company specialising in customised pump solutions for liquid handling processes in medical, process and industrial applications.
The US$10 million net purchase price is being funded by cash on hand.
Stockholm-based Oina will now be part of Gardner Denver’s Medical Segment.
“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.”
Oina CEO Anders Lovas said: “We are excited to join the Gardner Denver family. Oina will be able to leverage an expanded commercial and operational footprint as we continue to innovate and deliver high quality products and service to our customers.”