Gardner Denver acquires Canadian firm

DV Systems to become part of its Industrial segment

CEO Vicente Reynal cheers as Gardner Denver leaders ring the opening bell at the New York Stock Exchange May 12.

Milwaukee-based Gardner Denver Holdings Inc. announced that it has acquired Barrie, Ontario-based DV Systems Inc.

Gardner Denver president and CEO Vicente Reynal.

DV Systems is a manufacturer of rotary screw and piston compressors and associated aftermarket parts. Gardner Denver manufactures flow control and compression equipment. DV Systems will be part of Gardner Denver’s Industrials segment.

“DV Systems is a Canadian market-leader with a history of innovative products, strong talent and excellent customer relationships,” said Vicente Reynal, Gardner Denver chief executive officer. “This transaction is aligned with our strategy of leveraging core, mission critical technologies in attractive markets to drive ongoing profitable growth.”

“We are very excited for DV Systems to be part of the Gardner Denver family,” said Bogdan Markiel, DV Systems CEO. “As part of Gardner Denver, DV Systems will be well-positioned to expand into new markets and expand the product portfolio that has made us a leader in the Canadian market.”

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Andrew Weiland
Andrew Weiland is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, Weiland is a lifelong resident of the state. He lives in Muskego with his wife, Seng, and son, Zachary. He is an avid sports fan and enjoys coaching his son’s youth baseball and basketball teams.