Gardner Denver Holdings Inc., a global provider of flow control and compression equipment, announced that it has acquired DV Systems Inc., funded with cash on hand.

Based in Barrie, Ontario, DV Systems is a leading manufacturer of rotary screw and piston compressors and associated aftermarket parts. DV Systems will be part of Gardner Denver’s Industrials Segment.

“DV Systems is a Canadian market-leader with a history of innovative products, strong talent and excellent customer relationships,” said Vicente Reynal, Gardner Denver’s CEO. “This transaction is aligned with our strategy of leveraging core, mission critical technologies in attractive markets to drive ongoing profitable growth.”

“We are very excited for DV Systems to be part of the Gardner Denver family,” said Bogdan Markiel, DV Systems’ CEO. “As part of Gardner Denver, DV Systems will be well-positioned to expand into new markets and expand the product portfolio that has made us a leader in the Canadian market.”