Gardner Denver to Acquire LeROI Compressors

• Acquisition of LeROI Compressors will provide further access to gas
  compression and vapor recovery market
• Gardner Denver’s distribution network, operational framework, and
  global R&D capabilities to be leveraged to drive future profitable
  growth at LeROI
• Acquisition fits disciplined capital allocation strategy of M&A in
  core, mission critical technologies with strong aftermarket
  characteristics

MILWAUKEE–(BUSINESS WIRE)–Gardner Denver Holdings Inc. (NYSE: GDI), a leading global provider of
mission-critical flow control and compression equipment, announced today
that it has acquired LeROI Compressors (“LeROI”) for a purchase price of
approximately $20 million funded by cash on hand. Based in Sidney, Ohio,
LeROI is a leading North American manufacturer of gas compression
equipment and solutions for vapor recovery, biogas and other process and
industrial applications. LeROI will be part of Gardner Denver’s
Industrials Segment.

“LeROI is a market-leading business with strong talent and excellent
long-standing customer relationships,” said Vicente Reynal, Gardner
Denver’s CEO. “This transaction is aligned with our strategy of
leveraging core technologies and know-how to drive organic growth and
build additional value at acquired companies. LeROI will provide
mission-critical gas compression technologies and enable expansion of
our product offering into new and attractive markets. We are thrilled to
welcome the LeROI team to the Gardner Denver family,” added Reynal.

“This marks an exciting time for the LeROI business,” said Richard Wall,
LeROI’s President. “As part of Gardner Denver, LeROI will be better
positioned than ever to continue to deliver service excellence to our
customers and expand into new markets.”

About Gardner Denver

Gardner Denver (NYSE: GDI) is a leading global provider of
mission-critical flow control and compression equipment and associated
aftermarket parts, consumables and services, which it sells across
multiple attractive end-markets within the industrial, energy and
medical industries. Its broad and complete range of compressor, pump,
vacuum and blower products and services, along with its application
expertise and over 155 years of engineering heritage, allows Gardner
Denver to provide differentiated product and service offerings for its
customers’ specific uses. Gardner Denver supports its customers through
its global geographic footprint of 37 key manufacturing facilities, more
than 30 complementary service and repair centers across six continents,
and approximately 6,100 employees world-wide. For more news and
information on Gardner Denver, please visit www.gardnerdenver.com.

Forward Looking Statements

This press release includes certain disclosures which contain
“forward-looking statements.” You can identify forward-looking
statements because they contain words such as “will,” “believes” and
“expects.” Forward-looking statements are based on Gardner Denver’s
current expectations and assumptions. Because forward-looking statements
relate to the future, they are subject to inherent uncertainties, risks
and changes in circumstances that may differ materially from those
contemplated by the forward-looking statements, which are neither
statements of historical fact nor guarantees or assurances of future
performance. Important factors that could cause actual results to differ
materially from those in the forward-looking statements are set forth in
our filings with the Securities and Exchange Commission, including our
registration statement on Form S-1, as amended from time to time, under
the caption “Risk Factors.”

Contacts

Gardner Denver Holdings, Inc.
Media & Investor Relations Contact
Vikram
Kini
(414) 212-4753
[email protected]