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Gardner Denver Medical to Acquire the ILS GmbH and Zinsser Analytic GmbH
Gardner Denver’s Medical Group, a leader in flow control solutions primarily for medical and laboratory sectors, has announced the acquisition of Innovative Labor Systeme GmbH and Zinsser Analytic GmbH.
ILS is a leading manufacturer of glass syringes and a global supplier to the world’s leading laboratory equipment manufacturers, laboratories and laboratory consumables distributors. ILS is located in Stützerbach, Thuringia, Germany, which is an area with a long history of glass manufacturing.
ZA, headquartered in Frankfurt am Main, Germany, is an established provider of customized laboratory solutions and complementary consumable products. ZA has unique capabilities in developing automated fluid and powder handling systems for the biochemical, pharmaceutical and diagnostic research markets. ZA’s consumables product portfolio includes scintillation cocktails and high quality polyethylene vials.
“The talented team, technologies and know-how of ILS and ZA are highly complementary to our prior acquisition of TriContinent as we emerge as a leading solutions provider across liquid handling applications”, said Patrick Bennett, CEO of Gardner Denver´s Medical Group. ”Our global footprint and infrastructure combined with the innovative culture within ILS and Zinsser Analytic will allow us to bring tremendous value to our customers”.
“With Gardner Denver, we have found a new owner who shares our mission and is committed to building on the business we started 46 years ago, said Werner and Christel Zinsser, the owners of the ILS GmbH and Zinsser Analytic GmbH. “Supporting existing and new customers with unique solutions in liquid handling applications will be continued by Gardner Denver”, Mr. and Mrs. Zinsser said.
Financial terms of the transaction were not disclosed. PricewaterhouseCoopers (PwC) Corporate Finance provided M&A advisory services to Gardner Denver during this transaction. The legal teams of Norton Rose Fulbright in Frankfurt and Houston provided legal advisory services to Gardner Denver during this transaction.