Gardner Denver Medical to acquire the ILS GmbH and Zinsser Analytic GmbH

Gardner Denver Medical to acquire the ILS GmbH and Zinsser Analytic GmbH.

• Strategic fit due to complementary product portfolios

• Provide customers with complete solutions from a single source

Munich, Germany, September 1st, 2016. Gardner Denver’s Medical Group (“Gardner Denver”), a leader in flow control solutions primarily for medical and laboratory sectors, today announced the acquisition of Innovative Labor Systeme GmbH (“ILS”) and Zinsser Analytic GmbH (“ZA”).

ILS is a leading manufacturer of glass syringes and a global supplier to the world’s leading laboratory equipment manufacturers, laboratories and laboratory consumables distributors. ILS is located in Stützerbach, Thuringia, Germany, which is an area with a long history of glass manufacturing. ZA, headquartered in Frankfurt am Main, Germany, is an established provider of customized laboratory solutions and complementary consumable products. ZA has unique capabilities in developing automated fluid and powder handling systems for the biochemical, pharmaceutical and diagnostic research markets. ZA’s consumables product portfolio includes scintillation cocktails and high quality polyethylene vials.

“The talented team, technologies and know-how of ILS and ZA are highly complementary to our prior acquisition of TriContinent as we emerge as a leading solutions provider across liquid handling applications”, said Patrick Bennett, CEO of Gardner Denver´s Medical Group. ”Our global footprint and infrastructure combined with the innovative culture within ILS and Zinsser Analytic will allow us to bring tremendous value to our customers”.

“With Gardner Denver, we have found a new owner who shares our mission and is committed to building on the business we started 46 years ago, said Werner and Christel Zinsser, the owners of the ILS GmbH and Zinsser Analytic GmbH. “Supporting existing and new customers with unique solutions in liquid handling applications will be continued by Gardner Denver”, Mr. and Mrs. Zinsser said.

Financial terms of the transaction were not disclosed. PricewaterhouseCoopers (PwC) Corporate Finance provided M&A advisory services to Gardner Denver during this transaction. The legal teams of Norton Rose Fulbright in Frankfurt and Houston provided legal advisory services to Gardner Denver during this transaction.

About Gardner Denver’s Medical Group:

Gardner Denver Medical is a leader in flow control products for medical, life sciences and selected other industries - focused on solutions for OEMs. Innovation, global capabilities and a solution centric approach to our customer´s success is at our core. Together, our Thomas, Welch and TriContinent brands are serving more than 5,000 customers globally. A global production network with seven modern manufacturing facilities throughout the U.S., Europe and Asia allows fast and flexible reaction to our customer needs.

About Gardner Denver, Inc.

Gardner Denver, Inc. is a leading worldwide manufacturer of highly engineered flow control machinery, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, as well as of pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denver, Inc. is privately owned by affiliates of leading investment firm Kohlberg Kravis Roberts & Co L.P.