Machinery news and machinery widget

QUINCY, IL (MARKET WIRE) Gardner Denver, Inc. (NYSE: GDI) reported today that it has completed its previously announced acquisition of CompAir Holdings Limited ("CompAir"), a leading global manufacturer of compressed air and gas solutions. Total cash consideration paid to the selling shareholders was £190.2 million. Including the repayment of certain outstanding debt and the assumption of CompAir's other net debt, which totaled approximately £10.4 million on September 30, 2008, the total transaction value was approximately £200.6 million. To finance the acquisition, Gardner Denver used excess

SAO PAULO, BRAZIL (MARKET WIRE) Mercedes-Benz in Brazil, the largest manufacturer of trucks and buses in Latin America, has signed a contract with IBM in Brazil (NYSE: IBM) to modernize and replace its network infrastructure equipment.