Gardner Denver is near a deal to merge with an Ingersoll-Rand division, creating the world’s second-largest maker of pumps and compressors
Gardner Denver Holdings Inc. is nearing a deal to merge with a division of Ingersoll-Rand PLC, according to people familiar with the matter, in a combination that would create the world’s second-largest manufacturer of industrial pumps and compressors with a market capitalization of around $11.6 billion.
Though the exact terms couldn’t be determined, the deal, which could be announced as soon as this week, would involve a mixture of cash and stock for Ingersoll shareholders, the people said. It would combine Gardner Denver’s...
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