Gardner Denver, Inc has announced that the Company's Audit and Finance Committee of the Board of Directors (the "Audit Committee") has appointed Ernst & Young LLP ("E&Y") as Gardner Denver's new independent registered public accounting firm for the fiscal year ending December 31, 2012, replacing KPMG LLP ("KPMG") following the completion of the audit for the fiscal year ending December 31, 2011.
"We have enjoyed a very positive relationship with KPMG and are grateful for the excellent work they have performed for Gardner Denver since 2002," stated Michael M. Larsen, Vice President and Chief Financial Officer of Gardner Denver. "The selection of E&Y followed a rigorous, competitive proposal process conducted by the Audit Committee, in which several firms including KPMG were invited to participate. E&Y emerged during this process as the best fit for Gardner Denver's long-term needs."
KPMG has confirmed that the change in auditor was not related to any disagreements about accounting principles or practices, financial statements disclosure or auditing scope or procedure between the Company and KPMG. In conjunction with this change, Gardner Denver filed a Form 8-K with the Securities and Exchange Commission today. This filing can be accessed from the Investor section on the Company's website (www.gardnerdenver.com).