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Ingersoll Rand Acquires Friulair to Expand Air Treatment Capabilities

PUBLIC · IRFeb 01, 2024

Acquiring Company

Ingersoll Rand

Acquired Company

Friulair S.r.l

DavidsonItalyManufacturingIndustrial Machinery ManufacturingIndustrial Machinery Manufacturing

Description

Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, has successfully acquired Friulair S.r.l. in an all-cash upfront purchase price of approximately $146M. This acquisition will expand Ingersoll Rand’s air treatment capabilities, increase its access to the original equipment manufacturer channel, add new chiller production capabilities, and is expected to accelerate growth across various end markets.

Quick answer

Ingersoll Rand is acquiring Friulair S.r.l, announced February 1, 2024. Ingersoll Rand is based in Davidson, North Carolina, United States.

How much did Ingersoll Rand pay for Friulair S.r.l?
The deal value was not disclosed.
What does Ingersoll Rand do?
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.
Where are Ingersoll Rand and Friulair S.r.l based?
Ingersoll Rand is based in Davidson, North Carolina, United States. Friulair S.r.l is based in Italy.
Who are the decision-makers at Ingersoll Rand?
Fundz holds 2 contacts at Ingersoll Rand. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Industrial Machinery Manufacturing and Industrial Machinery Manufacturing

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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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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Frequently asked

Who acquired Friulair S.r.l?

Friulair S.r.l was acquired by Ingersoll Rand, based in Davidson. The deal was reported on February 1, 2024. 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. Ingersoll Rand is publicly traded (IR) and operates in Manufacturing.

When did Ingersoll Rand acquire Friulair S.r.l?

Ingersoll Rand's acquisition of Friulair S.r.l was reported on February 1, 2024. Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, has successfully acquired Friulair S.r.l. in an all-cash upfront purchase price of approximately $146M. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Friulair S.r.l do?

FRIULAIR S.r.l. was established in 1989 and in just over 10 years became a leading international company in the production of dryers, filters, aftercoolers and accessories for the treatment of compressed air. It is privately held, operating in Industrial Machinery Manufacturing, and is based in Italy.

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