Nilfisk-Advance A/S signed an agreement to acquire Pressure-Pro, Inc. from Dale Reed and Ryan Reed for $31 million on December 16, 2015. In 2014, Pressure-Pro realized revenue of $40 million. Dale Reed and Ryan Reed will remain in the business in their current roles and help to ensure the continued growth of Pressure-Pro. The acquisition will not impact NKT's 2015 outlook and is expected to contribute positively as from 2016. The deal is expected to complete on January 1, 2016.

Nilfisk-Advance A/S completed the acquisition of Pressure-Pro, Inc. from Dale Reed and Ryan Reed in January 2016.