IT&S

Ingersoll Rand Closes on ILC Dover and Announces Acquisition of Three Additional Companies

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月曜日, 6月 3, 2024
Food, Ingersoll Rand, ILC Dover, Natural gas, Compressed air, Atmosphere of Earth, Science, Acquisition, CAPS, IT&S, Partnership, ILC

The acquisition will complement Ingersoll Rand’s portfolio of mission critical, high margin pumping solutions across life science, food and beverage, medical, natural gas, and wastewater treatment industries.

Key Points: 
  • The acquisition will complement Ingersoll Rand’s portfolio of mission critical, high margin pumping solutions across life science, food and beverage, medical, natural gas, and wastewater treatment industries.
  • The acquisition is expected to expand the CAPS portfolio to include additional Ingersoll Rand products, which will provide greater expertise and choice for customers.
  • “I remain energized by Ingersoll Rand’s growth trajectory,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • “These acquisitions demonstrate our continued commitment to our inorganic growth strategy and ability to execute on our acquisition pipeline.”

Ingersoll Rand Reports Record First Quarter 2024 Revenue, Adjusted EBITDA, and Adjusted EPS Performance

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木曜日, 5月 2, 2024
Engineering, Machine Tools, Metalworking & Metallurgy, Other Manufacturing, Manufacturing, IT&S, Natural gas, RNG, Lifting, Ingersoll Rand, Public expenditure, EV, M&A, Vacuum, Order, Acquisition, EPS, Share repurchase, Adjustment, Growth, Bookkeeping

Ingersoll Rand Inc. (NYSE: IR) reported record first quarter revenues, Adjusted EBITDA, and Adjusted EPS.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) reported record first quarter revenues, Adjusted EBITDA, and Adjusted EPS.
  • “Our team delivered another strong start to the year with record first quarter revenue, Adjusted EBITDA, and Adjusted EPS,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • Consistent with our comprehensive capital allocation strategy led by M&A, in the first quarter of 2024, Ingersoll Rand deployed $143 million to M&A.
  • Ingersoll Rand is raising its guidance for full-year 2024 Adjusted EBITDA and Adjusted EPS ranges based on the strong performance in the first quarter, and its expectations of continued strong commercial and operational performance for the balance of the year:

Compounding Growth: Ingersoll Rand Adds to Durability of Business with Two Acquisitions

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水曜日, 4月 3, 2024
Manufacturing, Other Manufacturing, Engineering, Machine Tools, Metalworking & Metallurgy, Chemicals, Plastics, Ingersoll Rand, IT&S, Acquisition, Growth

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has closed on the acquisitions of Controlled Fluidics and Ethafilter s.r.l.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has closed on the acquisitions of Controlled Fluidics and Ethafilter s.r.l.
  • (“Ethafilter”).
  • The acquisition will complement Ingersoll Rand’s current life sciences offerings and increase the company’s market share in high-growth, sustainable end markets.
  • “We continue to compound our growth with strategic acquisitions that can ensure the durability of our business.”

Ingersoll Rand Acquires Friulair to Expand Air Treatment Capabilities

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木曜日, 2月 1, 2024
Other Manufacturing, Technology, Packaging, Engineering, Other Retail, Logistics, Supply Chain Management, Supermarket, Manufacturing, Building Systems, Other Construction & Property, Food, Beverage, Commercial Building & Real Estate, Construction & Property, Retail, HVAC, Other Transport, Machinery, Transport, Other Technology, Cervignano del Friuli, Growth, Compressed air, Ingersoll Rand, IT&S, Acquisition, Heavy equipment

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, closed on the acquisition of Friulair S.r.l.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, closed on the acquisition of Friulair S.r.l.
  • The addition of Friulair will increase the scale of Ingersoll Rand’s air dryer business, significantly increasing the company’s access to the original equipment manufacturer channel and will add new chiller production capabilities.
  • “Acquiring Friulair will give us the opportunity to accelerate growth across food and beverage and pharmaceutical end markets, in addition to scaling our existing air treatment business,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • “I am excited to welcome the Friulair team into the Ingersoll Rand family.”
    Friulair will join Ingersoll Rand’s Industrial Technologies and Services (IT&S) segment.

Ingersoll Rand Reports Record Third Quarter 2023 Results

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水曜日, 11月 1, 2023
Machinery, Machine Tools, Metalworking & Metallurgy, Other Manufacturing, Manufacturing, Adjustment, Vacuum, NYSE, Public expenditure, IR, Ingersoll Rand Industrial Technologies, Share repurchase, Order, Acquisition, Ingersoll Rand, IT&S, Growth, EPS, M&A, Machining, Lifting, Pharmaceutical industry, Retail, Fine chemical, Q3

Ingersoll Rand Inc. (NYSE: IR) reported record third quarter revenues.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) reported record third quarter revenues.
  • Ingersoll Rand remains in a strong financial position with ample liquidity of $3.2 billion.
  • Consistent with our comprehensive capital allocation strategy led by M&A, in the third quarter of 2023, Ingersoll Rand deployed $308 million to M&A.
  • Ingersoll Rand closed on the acquisition of Howden Roots LLC (“Roots”), a leading provider of low-pressure compression and vacuum technologies.

Ingersoll Rand Completes Two Acquisitions to Enhance Capabilities in High-Growth Sustainable End Markets

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水曜日, 10月 4, 2023
Other Manufacturing, Steel, Other Energy, Engineering, HVAC, Utilities, Chemicals, Plastics, Manufacturing, Energy, Machinery, Aquaculture, Pressure, Ingersoll Rand, Machining, NYSE, IT&S, Heavy equipment, Fraserwood/Tribble Ranch Field Aerodrome

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisitions of Oxywise s.r.o.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisitions of Oxywise s.r.o.
  • The addition of Fraserwoods and its 13 employees expands Ingersoll Rand’s technical expertise and service capabilities in western Canada.
  • “These acquisitions strengthen our company’s core capabilities and provide opportunities to grow our exposure in high-growth, sustainable end markets,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • “We are excited to welcome the expertise and quality that Oxywise and Fraserwoods are known for in their respective markets.”

Ingersoll Rand Completes Acquisition of Roots from Chart Industries

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金曜日, 8月 18, 2023
Other Manufacturing, Technology, Engineering, HVAC, Manufacturing, Software, Machine Tools, Metalworking & Metallurgy, Hardware, Data Management, Root, Ingersoll Rand, Acquisition, Ingersoll, NYSE, IT&S, Heavy equipment

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction of approximately $300 million.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction of approximately $300 million.
  • Through the strong strategic fit and the deployment of Ingersoll Rand Execution Excellence (IRX), Ingersoll Rand expects the acquisition to yield Adjusted EBITDA margins greater than 30% by year three.
  • “This acquisition demonstrates our commitment to inorganic growth through value-enhancing acquisitions,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • “We are excited to welcome the Roots team to the Ingersoll Rand family.

Ingersoll Rand Reports Record Second Quarter 2023 Results

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水曜日, 8月 2, 2023
Other Manufacturing, Technology, Agritech, Packaging, Engineering, HVAC, Other Technology, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Specialty, Vacuum, IR, Ingersoll Rand, Sustainability reporting, Ingersoll Rand Industrial Technologies, Ingersoll, Root, Fitch, IT&S, Huntingdon Life Sciences, Public expenditure, M&A, Acquisition, Order, FX, Water, SPX, Lifting, Growth, EPS, Adjustment, Hand, NYSE, Music, Pharmaceutical industry, Renewable energy, Retail, Bank, Agricultural technology

“These results have led us to raise our full year guidance on total revenue growth, organic revenue growth, Adjusted EBITDA, and Adjusted EPS.

Key Points: 
  • “These results have led us to raise our full year guidance on total revenue growth, organic revenue growth, Adjusted EBITDA, and Adjusted EPS.
  • In addition, Ingersoll Rand was assigned an investment grade first-time Issuer Default Rating of ‘BBB-’ by Fitch.
  • Consistent with our comprehensive capital allocation strategy led by M&A, in the second quarter of 2023, Ingersoll Rand deployed $49 million to M&A.
  • Ingersoll Rand also announced the acquisition of Howden Roots LLC (“Roots”), a leading provider of low-pressure compression and vacuum technologies.

Ingersoll Rand to Acquire SPX FLOW’s Air Treatment Business

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木曜日, 10月 6, 2022
Energy, Other Manufacturing, Utilities, Manufacturing, News, U.S. Securities and Exchange Commission, SPX, Securities Act of 1933, SEC, Life, Efficiency, Ingersoll, Atmosphere of Earth, IT&S, Filtration, Compressed air, Open-air treatment, NYSE, Security (finance), Annual report, Private Securities Litigation Reform Act, Form 10-K, Ingersoll Rand, Acquisition, Ecosystem, Securities Exchange Act of 1934, EBITDA, Â, Dehydration, Cryptocurrency, Management

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire SPX FLOWs Air Treatment business for approximately $525 million.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire SPX FLOWs Air Treatment business for approximately $525 million.
  • With expected revenue of approximately $180 million in 2022, the Air Treatment business is a leading manufacturer of reliable and energy efficient desiccant and refrigerated dryers, filtration systems and purifiers for dehydration in compressed air.
  • We are excited to welcome the SPX FLOW Air Treatment team into the Ingersoll Rand family, said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • Upon transaction close, the SPX FLOW Air Treatment business will join Ingersoll Rands IT&S segment.