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Ingersoll Rand to acquire ILC Dover to strengthen position in life sciences

Mar 25, 2024•over 1 year ago

Acquiring Company

Ingersoll Rand

Acquired Company

ILC Dover

DavidsonBiotechnologyManufacturing

Description

Ingersoll Rand Inc., a global provider of industrial solutions, has announced an agreement to acquire ILC Dover in a strategic move to expand its presence in the life sciences sector. This acquisition will enable Ingersoll Rand to further focus its growth and investment in life sciences, leveraging ILC Dover's established market positions, brands, and customer base.

Company Information

Company

Ingersoll Rand

Location

Davidson, North Carolina, United States

About

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed