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Ingersoll-Rand (IR) Acquires Air Dimensions for $70.5M Cash
October 28, 2021 7:30 AM EDTIngersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire Air Dimensions Inc. for an all-cash purchase of $70.5 million. The company intends to close the transaction on Friday, October 29, 2021.
Based in Deerfield Beach, Fla., Air Dimensions designs, manufactures and sells vacuum diaphragm pumps primarily for environmental applications in high-growth, sustainable end markets such as emission monitoring, biogas, utility and chemical processes. Upon... More