The company strengthens its market position and geographic reach with the combined $135 million additions of APSCO, Blutek and UT Pumps.
Latest In Ingersoll Rand
Following close of ILC Dover, flow creation and industrial product maker Ingersoll Rand acquired three manufacturers for about $150 million combined.
The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
Bought for $146 million, Friulair has 215 employees and has annual revenue of about $65 million.
Oxywise and Fraserwoods Fabrication & Machining are being purchased for a combined, all-cash price of approximately $26 million.
MDM reported on 40 mergers and acquisitions among industrial distributors and manufacturers in August, the most since April.
The acquisition of Howden Roots expands Ingersoll Rand’s product portfolio with new low-pressure compression and vacuum technologies.
It's a big week for industrial manufacturer's financial reports. We recap the key figures for four of them here.
Matt Emmerich will serve as Ingersoll Rand's SVP and Chief Information Officer, helping to accelerate the company’s digital transformation.
The deal enhances capabilities to serve high growth, sustainable end markets including green steel, the company said.
See the key financial figures reported by three major industrial manufacturers and distributors.
The industrial manufacturer's impressive October-December period followed a likewise record-breaking third quarter.
After its offers to buy all of SPX Flow were rejected, Ingersoll Rand has instead acquired the company's air treatment business.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
