- Acquisitions complement Ingersoll Rand's product and technology offerings and increase geographic reach, while adding new pump technology and capabilities
- Execution of bolt-on acquisition strategy continues to enhance company's durable financial profile by serving high-growth, sustainable end markets
- Demonstrates company's commitment to capital allocation and expected achievement of mid-teens return on invested capital (ROIC) by third full year of ownership
DAVIDSON, N.C., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and life science and industrial solutions, has acquired Air Power Systems Co., LLC ("APSCO"), Blutek s.r.l. ("Blutek"), and UT Pumps & Systems Private Limited ("UT Pumps") for a combined purchase price of approximately $135 million. These acquisitions add more than $50 million in revenue cumulatively acquired at a high-single digit multiple of 2024 estimated Adjusted EBITDA.
