KKR Completes Gardner Denver Acquisition

(RTTNews) - Private equity giant Kohlberg Kravis Roberts & Co. L.P. (KKR) has completed the $3.9 billion takeover of industrial equipment maker Gardner Denver Inc. (GDI).

KKR has appointed Timothy Sullivan as President & Chief Executive Officer of Gardner Denver, effective immediately. Michael Larsen, Gardner Denver's President and Chief Executive Officer, has transitioned to the role of Interim Vice President & Chief Financial Officer, effective immediately.

In March, Gardner Denver agreed to be acquired by KKR for about $3.9 billion, including the assumption of debt.

Gardner Denver common stock will no longer be listed for trading on the New York Stock Exchange, effective as of the close of trading today.