The Milwaukee-based Gardner Denver Holdings Inc. has acquired Finland-based Runtech Systems Oy for approximately USD $93 million.
Gardner Denver specializes in flow control equipment, compression equipment and aftermarket parts for mission-critical applications such as drilling pumps and fracking valves specifically for the energy and medical sectors. Runtech makes turbo vacuum technology systems and optimization solutions that are used in process-oriented industrial applications.
Runtech will be integrated into Gardner Denver’s Industrials division. The acquisition is expected to expand Gardner Denver’s capabilities and technology in flow control, vacuum and pressure solutions.
Pictured: Mr. Vicente Reynal, CEO of Gardner Denver.