The Board of Directors of Gardner Denver, Inc. (NYSE:GDI) authorized a share repurchase plan on November 5, 2008. Under the plan, the company intends to repurchase up to 3,000,000 own shares, representing 6% of the company's outstanding common stock. Share repurchases shall take place in the open market or through private transactions. The company expects to fund the new repurchase program primarily with net cash provided by operating activities. The timing and amount of repurchases will vary based on market conditions, corporate requirements, and other factors. All common stock acquired will be held as treasury stock and will be available for general corporate purposes. Share repurchases will be made in accordance with applicable securities laws and may be limited or discontinued at any time without prior notice.

On November 17, 2011, the company announced that it has increased the authorization by 1,300,000 shares or approximately $100 million, plus an additional amount to offset any future dilution resulting from equity grants under the company's benefit plans.

On May 1, 2012, the company announced that it has increased the authorization by 1,600,000 shares or approximately $102 million, thereby increasing the authorization to 5,900,000 shares, plus an additional amount to offset any future dilution resulting from equity grants under the company's benefit plans. Till March 31, 2013, the company has repurchased 4,331,933 shares for $284.92 million.

Gardner Denver, Inc.'s share repurchase program expired on account of its acquisition by Kohlberg Kravis Roberts & Co. on July 30, 2013.