Gardner Denver Medical (“GDM”), a leader in flow control solutions primarily for medical and laboratory sectors announced on 31st of August 2016 the acquisition of of Innovative Labor Systeme GmbH (“ILS”) and Zinsser Analytic GmbH (“ZA”). PwC M&A (Germany and Canada) acted as the exclusive buyside advisor to GDM on this transaction. This is GDM's second completed M&A deal successfully advised on by PwC M&A following the acquisition of TriContinent Scientific in May 2015.
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 Stuetzerbach, 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.
PwC M&A originally identified this target for GDM and initiated the talks. The M&A process was based on an exclusive, one to one discussion. The SPA was signed in July 2016. The transaction is approved by the German Federal Cartel Office. Financial terms of the transaction were not disclosed.
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 their customer’s success is at their core. Together, their 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 their customer needs.
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, 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.
The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 200,000 employees in 157 countries. Our global network comprises nearly 1,550 M&A professionals all over the world, realizing approx. 390 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.
The deal team consisted of Alexander von Friesen (Partner), Jeffrey Moskoff (Partner, Canada), Rolf Püschel (Manager) and Adrian Schlegtendal (Senior Consultant).
For further information, please contact Alexander von Friesen +49 69 9585-5487.
Partner, Co-Head Mergers & Acquisitions: Automobilindustrie, Industrielle Produktion
Tel.: +49 69 9585-5667
Dr. Alexander von Friesen
Partner, Co-Head Mergers & Acquisitions: Gesundheitswesen, Handel und Konsumgüter
Tel.: +49 69 9585-5487