Gardner-Denver sale imminent, according to reports - Quincy News, Weather, Sports, and Radio

Gardner-Denver sale imminent, according to reports


(WGEM) -- The SPX Corporation is in exclusive talks to purchase Gardner-Denver, according to multiple reports.

WGEM business partner Bloomberg reported that SPX was one of many companies interested in Gardner-Denver. The sale to SPX, which is considered a rival of Gardner-Denver, is expected to be completed by the end of the year, and the sale would make the company worth approximately $7 billion.

Gardner-Denver officials announced the company was looking into a sale or merger back in October and in early November.

The reports say the sale is expected to be finalized by the end of the year. 

WGEM News has not yet been able to reach SPX or Gardner-Denver for comment.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WGEM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Woodworth at 217-228-6617. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at