The approval follows a months-long review by the Gardner Denver board of directors, including a comprehensive sale process leading up to the transaction with KKR. Approximately 97% of the shares voting at a special meeting voted in favour of the adoption of the merger agreement.
When the US$3.9 billion merger is completed, Gardner Denver shareholders will receive US$76 per share in cash from KKR for each share of Gardner Denver common stock that they own.
The companies expect the merger to be completed in late July or early August 2013.