Finnish Runtech Systems joins Gardner Denver
Runtech’s energy efficient turbo vacuum technology has piqued the interest of US-based supplier of industrial equipment and technologies Gardner Denver, who decided to acquire the Finnish company.
After the acquisition, Runtech and Gardner Denver plan to expand the technology to broader flow control, vacuum and pressure systems and services, in order to drive profitable growth.
“This transaction is aligned with our strategy of leveraging core, mission critical technologies to drive growth and build additional value at acquired companies,” comments Vicente Reynal, Gardner Denver’s CEO. “Runtech’s technology will enable expansion into new and attractive markets. It is a great addition to the Gardner Denver family.”
Runtech’s environmentally friendly turbo vacuum technology systems and optimisation solutions are used in various process-oriented industrial end markets, and the company will now join Gardner Denver’s Industrials Segment.
“This is exciting time for our customers and employees,” says Kimmo Loippo, chairman and co-founder of Runtech. “Both companies are aligned with an entrepreneurial mind-set and a passion for developing innovative customer-focused solutions.”