0000950138-11-000533.txt : 20111011 0000950138-11-000533.hdr.sgml : 20111010 20111011173018 ACCESSION NUMBER: 0000950138-11-000533 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20111006 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111011 DATE AS OF CHANGE: 20111011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GARDNER DENVER INC CENTRAL INDEX KEY: 0000916459 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 760419383 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13215 FILM NUMBER: 111136189 BUSINESS ADDRESS: STREET 1: 1500 LIBERTY RIDGE DRIVE, SUITE 3000 CITY: WAYNE STATE: PA ZIP: 19087 BUSINESS PHONE: 6102492000 MAIL ADDRESS: STREET 1: 1500 LIBERTY RIDGE DRIVE, SUITE 3000 CITY: WAYNE STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: GARDNER DENVER MACHINERY INC DATE OF NAME CHANGE: 19931221 8-K 1 form8k.htm FORM 8-K form8k.htm




 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) October 6, 2011
 
Gardner Denver, Inc.
 (Exact name of registrant as specified in its charter)
         
Delaware
 
1-13215
 
76-0419383
(State or other
jurisdiction of
incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

     
1500 Liberty Ridge Drive, Suite 3000
Wayne, PA
 
19087
(Address of principal executive offices)
 
(Zip Code)
 
(610) 249-2000
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
     
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 


Item 1.01 Entry into a Material Definitive Agreement
 
On October 6, 2011, Gardner Denver, Inc. (the “Company”) entered into a share purchase agreement with Aksia Capital III, Siusi S.p.A., Sergio Ghisleni, Antonio Robuschi, Paolo Urbanis, Ugo Remitti, Cristian Spallanzani, Luca Barioni, Paolo Cavatorta, and Paolo Dalla Giacoma, the holders of 100% of the outstanding shares of Robuschi S.p.A. (“Robuschi”) for approximately €152 million ($207 million at current exchange rates).
 
The transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals.  The acquisition is not conditioned upon the Company’s receipt of financing and is expected to close in the fourth quarter of 2011.
 
Item 7.01 Regulation FD Disclosure
 
On October 11, 2011, the Company issued a press release announcing that it entered into a share purchase agreement to acquire Robuschi.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits
 
99.1           Gardner Denver, Inc. Press Release dated October 11, 2011
 

 
 

 


 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
 
GARDNER DENVER, INC.
 
         
Date: October 11, 2011 
By:  
/s/ Brent A. Walters  
 
   
Brent A. Walters 
 
   
Vice President, General Counsel,
Chief Compliance Officer & Secretary 
 




 
 

 

EXHIBIT INDEX

Exhibit No.
Description
   
99.1
Gardner Denver, Inc. Press Release dated October 11, 2011



EX-99.1 2 ex99-1.htm PRESS RELEASE DATED OCTOBER 11, 2011 ex99-1.htm

Exhibit 99.1
 

PRESS RELEASE


 
FOR IMMEDIATE RELEASE


October 11, 2011
Contact:  Michael M. Larsen
 
Vice President and CFO
 
(610) 249-2002
 
 
GARDNER DENVER ANNOUNCES AGREEMENT TO ACQUIRE ROBUSCHI


 
WAYNE, Pa. (October 11, 2011) – Gardner Denver, Inc. (NYSE: GDI) announced today that it has entered into a share purchase agreement with the holders of 100 percent of the outstanding shares of Robuschi S.p.A. (“Robuschi”), a market leading European manufacturer of blowers and pumps, for a purchase price of approximately €152 million ($207 million at current exchange rates).  Robuschi is headquartered in Parma, Italy, and has annual revenues of approximately €70 million ($95 million).  Its shares are currently held by an investor group led by Milan, Italy based Aksia Group.
 
Robuschi is a leading European producer of blowers, pumps and associated packages.  These products are used in a wide variety of end markets including wastewater, mining, and power generation, as well as general industrial applications.  With facilities in Noceto, Italy; Sao Paulo, Brazil; and Shanghai, China, in addition to its main production facility in Parma, Robuschi serves over 3,000 customers and has an installed base in excess of 200,000 units.
 
“Robuschi is an outstanding strategic addition to the Gardner Denver portfolio and an excellent fit with our Industrial Products Group,” stated Barry L. Pennypacker, President and Chief Executive Officer of Gardner Denver.  “Robuschi’s advanced manufacturing capabilities are expected to enable significant cost synergies as we continue to optimize our European manufacturing footprint supported by the principles of the Gardner Denver Way.  I would like to welcome the talented employees of Robuschi to the Gardner Denver family and I look forward to developing the strong Robuschi brand name globally.”
 
The transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals, and is expected to close in the fourth quarter of 2011.
 

 
 

 

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties.  Forward-looking statements generally can be identified by the use of forward-looking terminology such as “could,” “should,” “anticipate,” “expect,” “believe,” “will,” “project,” “lead,” or the negative thereof or variations thereon or similar terminology.  The actual future performance of the Company could differ materially from such statements.  Factors that could cause or contribute to such differences include, but are not limited to: changing economic conditions; pricing of the Company’s products and other competitive market pressures; the costs and availability of raw materials; fluctuations in foreign currency exchange rates and energy prices; risks associated with the Company’s current and future litigation; and the other risks detailed from time to time in the Company’s SEC filings, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending December 31, 2010, and its subsequent quarterly reports on Form 10-Q for the 2011 fiscal year.  You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future.
 
Gardner Denver, Inc., with 2010 revenues of approximately $1.9 billion, is a leading worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, 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’s news releases are available by visiting the Investors section on the Company’s website (www.GardnerDenver.com).

 
 

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