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Gardner Denver Confirms It Will Combine With Ingersoll-Rand Division

Simon Constable

The cash-and-stock deal, which is expected to be tax free is also "expected to generate significant value for both Ingersoll-Rand and Gardner Denver shareholders," said Gardner in a statement Tuesday. The transaction will create a global leader in mission-critical flow creation and industrial technologies, and accelerate both companies' strategic priorities of deploying talent, driving growth, expanding margins through increased efficiencies and allocating capital effectively," said Vicente Reynal, Gardner Denver's CEO.