WASHINGTON (dpa-AFX) - 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.
Copyright RTT News/dpa-AFX
© 2013 AFX News
